David Kovacs
CTO
Shaping the future of finance – Part I: Open Banking and PSD2
an explanation for non-technical mortals
06 August, 2019
This is the moment to take time and understand
It’s paramount for decision-makers to understand how technologies that shape the financial services industry really work. Technology and business have become completely intertwined, and that is how things will stay. Of course, technology has been widely used in financial services for decades, but its importance was nothing like it’s become over the last ten years.
Not long ago, you sent messages to the engine room and hoped that the IT guys would figure out what to do. More specifically, you sent “business specs” or “demand requirement documents” and hoped that you’d get software that resembled something you’d imagined. Once you finished contributing to the spec you could return to your real job — the one not revolving around computers but around finances and banking. But as consumers started to pass the barrier between physical and digital space the importance of IT solutions skyrocketed.
