Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis
The EU has recently proposed a new directive called PSD2, which requires banks to define APIs to the systems, allowing third party providers to write financial applications and access customers’ data inside the banks, with the permission of the customer. PSD2 becomes effective on 18th of January 201...
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KTH, Skolan för informations- och kommunikationsteknik (ICT)
2017
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ftkthstockholm:oai:DiVA.org:kth-210745 2023-05-15T16:52:49+02:00 Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis Johansson, Fredrik 2017 application/pdf http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-210745 eng eng KTH, Skolan för informations- och kommunikationsteknik (ICT) TRITA-ICT-EX 2017:100 http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-210745 info:eu-repo/semantics/openAccess PSD2 GDPR RESTful webservice Spark Data Analysis fintech Computer and Information Sciences Data- och informationsvetenskap Student thesis info:eu-repo/semantics/bachelorThesis text 2017 ftkthstockholm 2023-03-08T23:30:27Z The EU has recently proposed a new directive called PSD2, which requires banks to define APIs to the systems, allowing third party providers to write financial applications and access customers’ data inside the banks, with the permission of the customer. PSD2 becomes effective on 18th of January 2018 and is expected to open up the market and remove the monopoly and ownership of customers from banks. As it is a directive, all countries inside the EU and countries covered by the European economic area such as Norway,Switzerland, Liechtenstein and Iceland are affected. The business opportunity, which arises due to the directive, is an opportunity to find a way to be able to take the initiative and possibly monetize from the caused situation.The report presents a qualitative approach to develop a proof of concept with the purpose to display how an actor can create a solution that acts as a source of information and performs analysis to come up with valuable insights of consumers’ behaviour. The insights gained from this master thesis, open up new paths for innovation and competition on the market between actors providing similar services. EU har nyligen publicerat ett nytt direktiv vid namn PSD2, som kräver att banker definierar ett API for deras system, ett API som ger tredjepartsutvecklar möjligheter att skapa finansiella applikationer och får tillgång till kunders information innuti bankens system, med kundes tillstånd. PSD2 träder i kraft från och med 18:e Januari 2018 och förväntas att öppna upp marknaden och upplösa det monopol och ägarskap banker har på sina kunder idag. I och med att det är ett direktiv, påverkar det alla länder inom EU och länder inom EUs ekonomiska gränser, så som Norge, Schweiz, Liechtenstein och Island. Affärsmöjligheten somöppnas på grund av direktivet, är en möjlighet att ta innitiativ och förhoppningsvis monetärisera från situationen.Rapporten presenterar en kvalitativ tillvägagång för att utveckla ett ”proof of concept”, med målet att visa hur en aktör kan skapa en lösning som ... Bachelor Thesis Iceland Royal Institute of Technology, Stockholm: KTHs Publication Database DiVA Norway |
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Royal Institute of Technology, Stockholm: KTHs Publication Database DiVA |
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ftkthstockholm |
language |
English |
topic |
PSD2 GDPR RESTful webservice Spark Data Analysis fintech Computer and Information Sciences Data- och informationsvetenskap |
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PSD2 GDPR RESTful webservice Spark Data Analysis fintech Computer and Information Sciences Data- och informationsvetenskap Johansson, Fredrik Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis |
topic_facet |
PSD2 GDPR RESTful webservice Spark Data Analysis fintech Computer and Information Sciences Data- och informationsvetenskap |
description |
The EU has recently proposed a new directive called PSD2, which requires banks to define APIs to the systems, allowing third party providers to write financial applications and access customers’ data inside the banks, with the permission of the customer. PSD2 becomes effective on 18th of January 2018 and is expected to open up the market and remove the monopoly and ownership of customers from banks. As it is a directive, all countries inside the EU and countries covered by the European economic area such as Norway,Switzerland, Liechtenstein and Iceland are affected. The business opportunity, which arises due to the directive, is an opportunity to find a way to be able to take the initiative and possibly monetize from the caused situation.The report presents a qualitative approach to develop a proof of concept with the purpose to display how an actor can create a solution that acts as a source of information and performs analysis to come up with valuable insights of consumers’ behaviour. The insights gained from this master thesis, open up new paths for innovation and competition on the market between actors providing similar services. EU har nyligen publicerat ett nytt direktiv vid namn PSD2, som kräver att banker definierar ett API for deras system, ett API som ger tredjepartsutvecklar möjligheter att skapa finansiella applikationer och får tillgång till kunders information innuti bankens system, med kundes tillstånd. PSD2 träder i kraft från och med 18:e Januari 2018 och förväntas att öppna upp marknaden och upplösa det monopol och ägarskap banker har på sina kunder idag. I och med att det är ett direktiv, påverkar det alla länder inom EU och länder inom EUs ekonomiska gränser, så som Norge, Schweiz, Liechtenstein och Island. Affärsmöjligheten somöppnas på grund av direktivet, är en möjlighet att ta innitiativ och förhoppningsvis monetärisera från situationen.Rapporten presenterar en kvalitativ tillvägagång för att utveckla ett ”proof of concept”, med målet att visa hur en aktör kan skapa en lösning som ... |
format |
Bachelor Thesis |
author |
Johansson, Fredrik |
author_facet |
Johansson, Fredrik |
author_sort |
Johansson, Fredrik |
title |
Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis |
title_short |
Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis |
title_full |
Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis |
title_fullStr |
Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis |
title_full_unstemmed |
Development of an Unified Message Broker for Financial Applications in the Context of PSD2 : Capitalizing from PSD2 Through Data Retrieval and Analysis |
title_sort |
development of an unified message broker for financial applications in the context of psd2 : capitalizing from psd2 through data retrieval and analysis |
publisher |
KTH, Skolan för informations- och kommunikationsteknik (ICT) |
publishDate |
2017 |
url |
http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-210745 |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
TRITA-ICT-EX 2017:100 http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-210745 |
op_rights |
info:eu-repo/semantics/openAccess |
_version_ |
1766043260082454528 |