PaymentComponents Ltd participated at Digital Channel EFMA Council
The EFMA Digital Channel Council, commenced on 22/3 in Intesa Sanpaolo of Turin, is one of the exclusive councils consisting of Efma Members.
The Digital Channel Council gathered 61 members from 23 countries, meeting three times a year to benchmark themselves against their peers, share best practices and collaborate in a constructive spirit. PaymentComponents ltd. presented on 22nd of March.
Our CDO, Elias Gagas, presented on "APIs as a new Banking Channel”. APIs are rapidly becoming the hottest trend & topic of discussion in Banking. Fueled both by the PSD2 in EU, as well as a global trend in disruptive FinTech solutions globally, APIs are effectively a “necessary” new Banking Channel for all Banks. APIs are today what Web Banking was for 2000! Elias also discussed the technology considerations behind APIs projects, the impact in existing business, as well as the opportunities for exciting new Business Models. He also showcased an existing implementation of APIs, by a EU Bank & how they are already in use by their Corporate Clients.
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