Kontomatik Speaks at Sibos, Geneva

16.09.2016 Warsaw, Poland: Kontomatik is happy to announce its participation at Sibos, Gevena on September 26th - 29th. Chief Technology Officer of Kontomatik, Piotr Wlodarek, will be participating in a panel discussion titled "PSD2 - The opportunity to reinvent the online payment and banking experience." Piotr will be accompanied by the experts from UBS, BPCE, European Banking Authority, Fire financial services and Citi.

The Payment Services Directive (PSD, 2007/64/EC) is an EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA). The directive's purpose was to increase pan-European competition and participation in the payments industry also from non-banks, and to provide for a level playing field by harmonizing consumer protection and the rights and obligations for payment providers and users. It was passed on November 16th, 2015. Even though the implementation of Payment Services Directive 2 is, roughly one and a half years ahead, it is possible to see that a significant amount of attention has been paid to it already today.

One of largest changes brought by the PSD2 deals with granting third parties with an access to users' banking data. Kontomatik has been focusing on extracting banking data through its APIs since 2009 and has shown itself as a leading company in terms of reliability, speed and geographical coverage. Hence, it might be the most likely candidate to demonstrate expertise around re-invention of online banking services at post-PSD2 era.

Sibos is the annual conference, exhibition and networking event organised by SWIFT for the financial industry. What started out as a banking operations seminar in 1978, has grown into the premier business forum for the global financial community to debate and collaborate in the areas of payments, securities, cash management and trade.

There is no need to wait for 2018 in order to try out accessing the data through banking APIs. With Kontomatik API for banks, it is already possible to access over 100 banks in already nine countries.