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CBI Globe
 
 

WHAT IS IT

The evolution of the payment services market is accelerating at a rapid pace, on one hand it is driven by the continuous technological innovations, on the other by the significant legislative changes under way.

 

This scenario includes the new Directive 2015/2366/EU, known as PSD2, which intends to define a common legal framework for the payments market in the European economic area with the aim of increasing the level of integration and efficiency in the market, as well as increasing the level of consumer protection.

 

In this context it comes up that the enhancement of collaborative infrastructures can be the keystone to anticipate and transform the challenges of the PSD2 into opportunities. This is how CBI Globe - Global Open Banking Ecosystem, the collaborative platform that will facilitate the adaptation of banks to the PSD2, was born.

 

CBI Globe enables the interconnection between Banks and Third Parties through APIs. All the members will be able to make the management of current accounts by customers easier and more efficient by offering both information and payment services, exploiting the business opportunities enabled by the PSD2 itself.

 
What is that
 
 
 
 

WHY

CBI GLOBE

 
 

Because the Collaborative Initiatives allow for a broader view and for a better understanding of the market of interest, also enabling the optimization of the investments deriving from the adaptation to the new legislation.

 
 
 

Because a Secure Open Banking managed by Consorzio CBI, represents a real opportunity for the European financial industry.

 
 
 
 

Because a Shared Platform enables the dialogue between the financial industry and the Third Parties, allowing each intermediary to realize, in a shared or in a single mode, the development of new value-added services for its customers.

 
 
 

HOW DOES IT WORK

The CBI Globe platform support the compliance obbligations for the Bank resulting from the PSD2, simplifying its implementation.

 

Because the PSD2 is much more than exposing APIs: it requires processes, security infrastructures, rules and very complex safeguards for Banks if faced individually.

 

CBI Globe enables Banks to expose, in line with the directive, more than 20 APIs to Third Parties and to enable the offer of services to the new players envisaged by the PSD2.

 

How does it work
 
 

Furthermore, the solution will enable to offer a wide range of value-added services, both cooperative and competitive, to maximize the business opportunities offered by the new Open Banking paradigm.

 

COLLABORATIVE VAS

We analyze new service proposals made by the involved actors and they develop them at a cooperative level. Value-added services will be offered through the platform on a “shared” access basis.

 

COMPETITVE VAS

We will enable the adhering parties to develop value-added solutions to offer competitively to their customers via reserved partitions of the platform.

 

 
 

FORMS

OF THE SOLUTION

 
 

API PORTAL AND SANDBOX

API interface Front-End for the exposition of services, with TTP test environment.

 
 
 
 

TPP MANAGEMENT

Third Parties onboarding, "hand-shake" and verification of certificates through alignment with Competent Authority.

 
 
 
 

CONSENT MANAGEMENT

User consent collection, verification of validity and management of the entire "life cycle" (creation and withdrawal of consent).

 
 
 
 

FRAUD MANAGEMENT

Evaluation of the transactions Fraud Rate based on "system" data, to complement the Bank's internal risk analyzes.

 
 
 
 

SCA - STRONG CUSTOMER AUTHENTICATION

Verification of the "SCA base" exemption cases and orchestration of the SCA solutions of the individual Banks.

 
 
 
 

HELP DESK & DISPUTE

Availability of transactions data, management of the contacts with Banks and Third Parties and End-to-End disputes management.

 
 
 
 

VAS: CUSTOMIZATIONS AND EVOLUTIONS

Enabler of value-added services, developed both at a cooperative level (defined collegially), and at a competitive level (defined by the individual Banks).

 
 
 
 
 
 

KEY DATES

Key Dates