In our ongoing series, our FinTech of the Week is Particeep, which offers banks, insurance companies, wealth managers and their distributors ready-to-use solutions to sell their products online and simplify their exposure to third-party distributors via APIs.
Andrey Demchenko, Business Developer – Asset Management, Particeep, discusses the strategies their clients are using to overcome the challenges inherent in their digital journey as well as evolution of the current Open Banking ecosystem.
“Most of the banking players have now realized that they can make an extra ten percent of revenues, using good APIs, if they are complying to PSD II,” says Demchenko. “This is again where we will be intervening to create good client journeys that will allow them to market and to sell all their products, accordingly with the regulation, either directly or through third party sales forces.”
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