Open Banking MeetUp_M.Lainez_Ibanity_210909

1. PSD2 State of play

2. Growth in total accounts accessed through Ibanity in S1 2021
2
90%
Jan 1st 2021 – Jun 30st 2021
(2020 saw doubling of traffic every 4.5 months now every 6.5 months )
Data used is limited to Ibanity XS2A dataset and does not reflect the whole market

3. What about Payment initiation?
Slow takeoff, does not add real value yet compared to cards or existing
solutions for B2C.
In B2B, big expectations around bulk payments but only recently available
in a sufficient amount of banks so too early to tell, partners and
customers are integrating it and launching it only now.
3

4. AI Market share per BE bank
4
73%
21%
6%
Big 4
Mid-tier
Neobanks
February 3rd 2021
Data used is limited to Ibanity XS2A dataset and does not reflect the whole market
71%
25%
4%
Big 4
Mid-tier
Neobanks
June 30st 2021

5. AI Market share per NL bank
5
29%
22%
18%
9%
7%
7%
8%
ABN
Rabo
ING
Knab
Bunq
Triodos
Volksbank
Data used is limited to Ibanity XS2A dataset and does not reflect the whole market
June 30st 2021

6. Our rating of our two main countries
6
Latest issues:
• Data sometimes insufficient,
such as counterpart information
• Some banks offer poor TPP
support
Good points:
• Stable APIs
• Some banks offer credit card
information in PSD2 API
Latest issues:
• Unclear errors messages
• Data missing in some banks
• Additional mandates to share
data
• Poor PSU support from banks
Good points:
• Support to TPPs drastically
improved

7. Growing countries on Ibanity
7
Latest issues:
• Unstable APIs at some banks
• Unclear errors messages when
access is denied
• Strange 24h SCA by default but
can be configured in the bank
app
• Poor bank support to TPPs
Latest issues:
• Unstable APIs at some banks
• APIs too slow
• Missing data
• Additional mandates required to
share data
• Sometimes poor support to
TPPs
• Poor support to PSUs

8. So, it’s been 2 years, where are we…
• Not there yet, but momentum intensifies
• Banks are more and more aware of the possibilities
• PSD2 PI + Request to Pay can be quite an interesting next step for Open Banking
• Improvements on banks side but not fast enough, still slowing TPPs growth
• A lot of TPPs in Europe are still relying on alternative solutions (scraping/reverse)
• Still very time consuming and not yet delivering on its promises
Let’s see what 2021-2022 will bring!
8

9. Thanks
marc.lainez@ibanity.com
9