TryTRY
BuyBUY
  • newsletter
  • contact
  • corporate
  • careers
Utimaco
TRYour free HSM simulator
BUYget a quote
  • home
  • solutions
  • products
  • services
  • blog
  • downloads
  • partners
  • company

Utimaco Portal

Here you will find everything you need as a partner and customerLogin required

  • home
  • solutions
    • industries
      • banking and financial services
        • acquirer
        • card scheme
        • issuer
        • hsm-as-a-service
      • government
        • federal government
      • cloud
        • cloud-based innovation
        • multi-cloud agility
      • connected car (V2V)
      • automotive solutions
      • road infrastructure (V2I), toll collection & ITS
      • industrial IoT & manufacturing
      • energy & utilities
      • lottery & gaming
      • media & entertainment
      • telecommunications
    • applications
      • authentication
      • blockchain
      • code signing
      • database encryption
      • document signing
      • key injection
      • post-quantum crypto agility
      • public key infrastructure (PKI)
        • EJBCA
      • random number generator (RNG)
    • compliance
      • certifications & approvals
        • Common Criteria (CC)
        • FIPS 140-2
      • compliance & standardization
        • FISMA, FedRAMP, and FICAM
        • Certificate Policy of the Smart Metering PKI
        • eIDAS
        • GDPR
        • PCI DSS
        • Privacy Shield
  • products
    • general purpose HSM
      • SecurityServer Se Gen2
      • SecurityServer CSe
      • Block-safe
      • CryptoServer CP5 (eIDAS & CC)
      • CryptoServer Cloud
      • TimestampServer
      • Q-safe
    • payment HSM
      • Atalla AT1000
      • PaymentServer Se Gen2
      • PaymentServer CSe
      • Secure Configuration Assistance (SCA)
      • QuickStart Services
      • u.cloud – Atalla PaymentHSMaaS
      • u.trust 360
    • key management
      • Enterprise Key Management
    • Software Development Kit (SDK)
      • CryptoServer SDK
      • CryptoScript SDK
    • HSM simulators
      • Block-safe HSM simulator
      • CryptoServer CP5 simulator (eIDAS & CC)
      • SecurityServer simulator
      • Q-safe HSM simulator
    • form factor
      • LAN appliance
      • PCIe card
      • cloud, “HSM as a Service”
    • KeyBRIDGE
      • KeyBRIDGE POI
      • KeyBRIDGE RKD
      • KeyBRIDGE eKMS
      • TokenBRIDGE™
    • u.trust Anchor
      • u.trust Anchor CSAR
      • u.trust Anchor High Performance HSM
  • services
    • consultancy
      • PQC consultancy
    • support
    • managed services
      • Key Exchange & Escrow Service (KEES™)
    • professional services
    • Utimaco Academy
  • blog
  • downloads
    • brochures
    • data sheets
    • case studies
    • white papers
    • webinars
    • e-books
      • PQC for Dummies e-book
      • HSM for Dummies e-book
    • Utimaco Portal
      • integration guides
      • knowledge base
  • partners
    • Partner Program
      • technology partner
    • Partner Locator
  • company
    • about Utimaco
      • legal
      • terms & conditions
      • privacy
        • cookie-policy
    • locations
    • news
      • newsletter
    • events
    • contact
    • careers
    • investors
    • utimaco management
    • business ethics
    • memberships and certifications
    • engagement in research
  • home
  • solutions
    • industries
      • banking and financial services
        • acquirer
        • card scheme
        • issuer
        • hsm-as-a-service
      • government
        • federal government
      • cloud
        • cloud-based innovation
        • multi-cloud agility
      • connected car (V2V)
      • automotive solutions
      • road infrastructure (V2I), toll collection & ITS
      • industrial IoT & manufacturing
      • energy & utilities
      • lottery & gaming
      • media & entertainment
      • telecommunications
    • applications
      • authentication
      • blockchain
      • code signing
      • database encryption
      • document signing
      • key injection
      • post-quantum crypto agility
      • public key infrastructure (PKI)
        • EJBCA
      • random number generator (RNG)
    • compliance
      • certifications & approvals
        • Common Criteria (CC)
        • FIPS 140-2
      • compliance & standardization
        • FISMA, FedRAMP, and FICAM
        • Certificate Policy of the Smart Metering PKI
        • eIDAS
        • GDPR
        • PCI DSS
        • Privacy Shield
  • products
    • general purpose HSM
      • SecurityServer Se Gen2
      • SecurityServer CSe
      • Block-safe
      • CryptoServer CP5 (eIDAS & CC)
      • CryptoServer Cloud
      • TimestampServer
      • Q-safe
    • payment HSM
      • Atalla AT1000
      • PaymentServer Se Gen2
      • PaymentServer CSe
      • Secure Configuration Assistance (SCA)
      • QuickStart Services
      • u.cloud – Atalla PaymentHSMaaS
      • u.trust 360
    • key management
      • Enterprise Key Management
    • Software Development Kit (SDK)
      • CryptoServer SDK
      • CryptoScript SDK
    • HSM simulators
      • Block-safe HSM simulator
      • CryptoServer CP5 simulator (eIDAS & CC)
      • SecurityServer simulator
      • Q-safe HSM simulator
    • form factor
      • LAN appliance
      • PCIe card
      • cloud, “HSM as a Service”
    • KeyBRIDGE
      • KeyBRIDGE POI
      • KeyBRIDGE RKD
      • KeyBRIDGE eKMS
      • TokenBRIDGE™
    • u.trust Anchor
      • u.trust Anchor CSAR
      • u.trust Anchor High Performance HSM
  • services
    • consultancy
      • PQC consultancy
    • support
    • managed services
      • Key Exchange & Escrow Service (KEES™)
    • professional services
    • Utimaco Academy
  • blog
  • downloads
    • brochures
    • data sheets
    • case studies
    • white papers
    • webinars
    • e-books
      • PQC for Dummies e-book
      • HSM for Dummies e-book
    • Utimaco Portal
      • integration guides
      • knowledge base
  • partners
    • Partner Program
      • technology partner
    • Partner Locator
  • company
    • about Utimaco
      • legal
      • terms & conditions
      • privacy
        • cookie-policy
    • locations
    • news
      • newsletter
    • events
    • contact
    • careers
    • investors
    • utimaco management
    • business ethics
    • memberships and certifications
    • engagement in research

Home / Blogs / PSD2 and HSM-as-a-Service – part 3 – the opportunity for banks

PSD2 and HSM-as-a-Service – part 3 – the opportunity for banks

November 09, 2020

This series on PSD2 and HSM as a Service explores the endless possibilities created by a level playing field in the payments industry in the EU. Part 1 explored how PSD2 and HSM as a Service enable this level playing field while Part 2  looked at just a few of the truly endless possibilities that exist for FinTech firms and other third-party entities that can act as AISPs and PISPs.

The benefits of these tools, however, are not only restricted to the new entrants. The incumbent banks can just as well make full use of the opportunities provided by PSD2 and play the role of innovators and entrepreneurs themselves! Good business, after all, is about turning potential threats into profitable opportunities.

Using all that data!

PSD2 mandates banks to open certain APIs and share some very basic information with third party partners and the possibility to initiate transactions. However, in terms of sheer data value, banks have access to a whole wealth of other information. This information can be monetized and used to provide entirely new products to end customers and a better user experience for existing products.

There are endless possibilities of such new or improved products and services. For example, a bank can use online shopping data (with consent) to get valuable insight into customer habits and then package and sell this insight to eCommerce partners. Banks can thus essentially add value to the advisory services that they already provide to their clients. There is also the possibility of offering customers third party services like insurance or real estate services right on the banking portal itself. The necessary KYC and AML checks would already be in place, along with some financial information.

Account Aggregation

PSD2 creates the possibility of having a single-window banking platform. This means that retail and even corporate clients can have all their bank information and balances in a single place and even perform transactions from there. This could lead to tremendous cost saving for business clients operating multiple accounts and really enhance the user experience for retail customers.

These services can indeed be offered by non-bank entities as well, but banks have the advantage of having robust security standards and trusted brands already in place. In the end, the winner would be the one who can offer the best user experience and the best security.

New call-to-action

The role of HSM as a Service

PSD2 levels the playing field in some ways but there are other potential hurdles. For example, providing world class security through an on-premises HSM solution can be costly or technically challenging. This is where HSM as a Service comes in. Such services can allow entities to make full use of the security provided by HSMs without having to make significant capital investments or training staff.

Companies can benefit from the scalability and flexibility advantage that cloud services provide without having to compromise on standards.

Conclusions

Many consider directives like PSD2 to be disruptive. But disruption can often be good. By shaking up the market, such disruptive changes allow innovative market participants to create entirely new product offerings or greatly enhance their existing services.

Tools like HSM as a Service can then level the playing field by providing everyone access to industry leading yet cost effective solutions.

New call-to-action

Back to overview

Stay on top of our news
Don’t miss out on any Utimaco updates

Subscribe to Utimaco Newsletter

We will keep you posted with news from Utimaco and the industries we protect, as well as information on upcoming events and webinars.

Subscribe now

Partners

Microexpert Limited Cryptomathic GmbH E-Sign S.A. Telegrupp AS Synergy Computers (Pvt.) Ltd. - Utimaco Hardware Security Modules Partner Primekey Solutions AB Cyber Armor Pte Ltd VAR Group SpA - Utimaco Hardware Security Modules Partner Astel (UK) Ltd. - Utimaco Hardware Security Modules Partner Versasec PETA (Thailand) Co., Ltd. Secure Source Distribution (M) Sdn Bhd - Utimaco Hardware Security Modules Partner Fortiedge Pte Ltd. Utimaco HSM - QuintessenceLabs CewTec S.A. Perceptus-sp.-z-o.-o. PrimeKey Labs GmbH Macroseguridad Compumatica secure networks B.V. AKEA S.A. - Utimaco Hardware Security Modules Partner CEGA Security Nexus Technology GmbH SecureMetric Technology Sdn. Bhd. Nexus - Utimaco Hardware Security Modules Partner Abrantix AG MALKOM D.Malińska i Wspólnicy s.j. Clearkey Consulting - Utimaco Hardware Security Modules Partner cv cryptovision GmbH CREAplus Italia S.r.l Nexus - Utimaco Hardware Security Modules Partner Cryptomathic A/S Softline Solutions GmbH Safesoft Kft. MTG - Utimaco Hardware Security Modules Partner Cogito Group Pty Ltd intarsys AG Skytech Computing Solutions Limited. - Utimaco Hardware Security Modules Partner PKI Solutions Inc. Utimaco HSM - PTESA_profesionales en transacciones electronicas Utimaco HSM - InfoGuard Swiss Cyber Security Encryption Consulting LLC Baas Control s.r.o. CertiSur S.A. Real security d.o.o. Rohde & Schwarz Cybersecurity GmbH Envoy Data Corporation - Utimaco Hardware Security Modules Partner MIcrosec Cryptomathic Inc. EUROPEAN DYNAMICS SA. Compumatica secure networks GmbH Fornetix - Utimaco Hardware Security Modules Partner Altacom UAB Thomas-Krenn.AG JJNet International Co., Limited - Utimaco Hardware Security Modules Partner Ascertia - Utimaco Hardware Security Modules Partner ESYSCO Sp. z o.o. CREA plus d.o.o. Throughwave (Thailand) Co.,Ltd - Utimaco Hardware Security Modules Partner Komar Consulting Inc. - Utimaco Hardware Security Modules Partner IQuantics Corp
Find a partner

Share this page

EMEA

Utimaco IS GmbH
Germanusstraße 4
52080 Aachen
Germany
Phone: + 49 241 1696 200

Americas

Utimaco Inc.
900 E Hamilton Ave., Suite 400
Campbell, CA 95008
USA
Phone: +1 844 UTIMACO

APAC

Utimaco IS Pte Limited
80 Raffles Place,
#32-01, UOB Plaza
Singapore 048624
Phone: +65 6622 5347

Utimaco

  • support
  • corporate
  • careers
  • legal
  • terms & conditions
  • privacy
  • cookie-policy
© 2021
to top
  • home
  • solutions
    • industries
      • banking and financial services
        • acquirer
        • card scheme
        • issuer
        • hsm-as-a-service
      • government
        • federal government
      • cloud
        • cloud-based innovation
        • multi-cloud agility
      • connected car (V2V)
      • automotive solutions
      • road infrastructure (V2I), toll collection & ITS
      • industrial IoT & manufacturing
      • energy & utilities
      • lottery & gaming
      • media & entertainment
      • telecommunications
    • applications
      • authentication
      • blockchain
      • code signing
      • database encryption
      • document signing
      • key injection
      • post-quantum crypto agility
      • public key infrastructure (PKI)
        • EJBCA
      • random number generator (RNG)
    • compliance
      • certifications & approvals
        • Common Criteria (CC)
        • FIPS 140-2
      • compliance & standardization
        • FISMA, FedRAMP, and FICAM
        • Certificate Policy of the Smart Metering PKI
        • eIDAS
        • GDPR
        • PCI DSS
        • Privacy Shield
  • products
    • general purpose HSM
      • SecurityServer Se Gen2
      • SecurityServer CSe
      • Block-safe
      • CryptoServer CP5 (eIDAS & CC)
      • CryptoServer Cloud
      • TimestampServer
      • Q-safe
    • payment HSM
      • Atalla AT1000
      • PaymentServer Se Gen2
      • PaymentServer CSe
      • Secure Configuration Assistance (SCA)
      • QuickStart Services
      • u.cloud – Atalla PaymentHSMaaS
      • u.trust 360
    • key management
      • Enterprise Key Management
    • Software Development Kit (SDK)
      • CryptoServer SDK
      • CryptoScript SDK
    • HSM simulators
      • Block-safe HSM simulator
      • CryptoServer CP5 simulator (eIDAS & CC)
      • SecurityServer simulator
      • Q-safe HSM simulator
    • form factor
      • LAN appliance
      • PCIe card
      • cloud, “HSM as a Service”
    • KeyBRIDGE
      • KeyBRIDGE POI
      • KeyBRIDGE RKD
      • KeyBRIDGE eKMS
      • TokenBRIDGE™
    • u.trust Anchor
      • u.trust Anchor CSAR
      • u.trust Anchor High Performance HSM
  • services
    • consultancy
      • PQC consultancy
    • support
    • managed services
      • Key Exchange & Escrow Service (KEES™)
    • professional services
    • Utimaco Academy
  • blog
  • downloads
    • brochures
    • data sheets
    • case studies
    • white papers
    • webinars
    • e-books
      • PQC for Dummies e-book
      • HSM for Dummies e-book
    • Utimaco Portal
      • integration guides
      • knowledge base
  • partners
    • Partner Program
      • technology partner
    • Partner Locator
  • company
    • about Utimaco
      • legal
      • terms & conditions
      • privacy
        • cookie-policy
    • locations
    • news
      • newsletter
    • events
    • contact
    • careers
    • investors
    • utimaco management
    • business ethics
    • memberships and certifications
    • engagement in research