Ostia Solutions Blog

IT Architecture to Comply with PSD2 and Open Banking

IT Architecture to Comply with PSD2 and Open Banking

Over 40 years ago, the banks were one of the first industries to fully embrace the potential for computing to improve their businesses. For this reason, they have built up very complex systems and processes around those systems that have served them well over the years. Open Banking represents a seed change in this process and this blog will outline

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Risks to Banks providing Open Banking Ecosystems and Developer Portals

Risks to Banks providing Open Banking Ecosystems and Developer Portals

There are always risks to any innovative endeavours and the provisioning of Open Banking / PSD2 Ecosystems and Developer portals is no different. Here we discuss these risks and the potential to mitigate or even eliminate those risks.

Technical Risks

The banks’ existing systems are hugely complex, expensive to build and maintain and are highly regulated environments. The nature of

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Open Banking Ecosystems and Developer Portals Being Delivered by the Banks

Open Banking Ecosystems and Developer Portals Being Delivered by the Banks

As Open Banking / PSD2 comes into force, the banks that have embraced open banking (and fintech in general) as an opportunity rather than a threat are attempting to engage with the development community, both individual developers and larger development organizations. It is through this engagement that these banks are hoping to benefit from the world of open banking. We

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What Does Open Banking / PSD2 Mean to Banks?

What Does Open Banking / PSD2 Mean to Banks?

Many banks have been toying with Open Banking for a number of years now as a way to improve the customer experience, however, they are generally trying to do this only for their own customers. As a concept, this is almost diametrically opposed to what Open Banking is supposed to offer, however, now that the EU has provided the stick

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What Does Open Banking Mean to Consumers?

What Does Open Banking Mean to Consumers?

The Introduction of Payment Services Directive 2 (PSD2) brings a lot of change for financial institutions, but what does Open Banking mean for the consumer?

Open Banking as a concept is targeted such that individuals or large and small businesses can benefit from it. Many use the analogy of what the ‘Open Skies’ policy did for air travel in Europe.

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What is Open Banking and how does it relate to PSD2?

 There is much talk in banking circles about what is being called ‘Open Banking’, but what does this mean to consumers, banks and intermediaries and what is the relationship with the EU’s Payment Services Directive V2 (PSD2)? In this series of blogs we will attempt to explain what this means to the different parties and what we are seeing happening

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Portus Technology in Action - Open Banking PSD2 Accounts Simulation Case Study

Portus Technology in Action - Open Banking PSD2 Accounts Simulation Case Study

The Situation

A number of banks in Europe have come together around the Payments Services Directive Version 2 (PSD2) to form the Open Banking initiative with a view to creating Open API Standards for UK Banking.

The rollout of these APIs creates major problems for these banks as it will result in significant efforts to on board users of these

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PSD2, API Gateways and Agile Development Sandboxes

PSD2, API Gateways and Agile Development Sandboxes

Most financial services organizations are in the process of implementing support for the Payment Services Directive 2 (PSD2) from the EU mandating that they provide APIs accessing their data and services to various types of organizations. Many are addressing this by implementing some nature of API Gateway such as those from IBM Connect, Apigee, Mulesoft, Fiorano etc. but is this

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Ensuring Full Test Coverage with Agile Testing Sandboxes

Ensuring Full Test Coverage with Agile Testing Sandboxes

Testing has always been a critical part of the development lifecycle but never before has it become so critical due to the pressure of delivering high quality software and avoiding a roasting on social media when applications go wrong. Organizations are spending more time and money on testing than ever before, however, are they actually covering everything in their tests?

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Reduce Back Office Testing Costs with Agile Testing Sandboxes

Reduce Back Office Testing Costs with Agile Testing Sandboxes

Many large organizations today have expensive back office IT infrastructures that are difficult to replicate and thus are a scarce resource. As with all scarce resources, they are valuable and thus each usage of that infrastructure incurs a cost which can have a significant impact on testing cycles within organizations.

Back office IT infrastructure is made up of a number

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PSD2 Modelling and Simulation of APIs Presents the best path to success

PSD2 Modelling and Simulation of APIs Presents the best path to success

The new Payment Services Directive II (“PSD 2”) deadlines are getting closer and thus there is a focus from banks to ensure they can be compliant when the axe falls in January 2018 when all financial services institutions should be compliant. While almost a year away, complying with the legislation is not technically simple so much work needs to be

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Eliminate Off Shore Project Data Governance Risks with Agile Testing Sandboxes

Eliminate Off Shore Project Data Governance Risks with Agile Testing Sandboxes

Offshore development and/or testing of applications is now used by the vast majority of large organizations to reduce costs and to leverage the skillsets of valuable off shore resources. This will normally require that the offshore organization has some access to back office applications and data if sufficient testing is going to take place for any given project.

This presents

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Agile Testing Sandboxes and Innovation

Agile Testing Sandboxes and Innovation

Encouraging innovation is a cornerstone of all organizations that are seeking to take part in the digital economy. Innovation brings new ideas to the table which in turn result in new processes which are supported by new or improved applications running on tablet, smart phone or other delivery channels. These innovations have the potential to save organizations large sums of

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How much time do agile development teams lose due to shared test environments?

How much time do agile development teams lose due to shared test environments?

Agile development teams often share test environments which is nominally a cost effective solution as test environments are, by their nature, quite expensive to provision. But is this really the most cost and time effective way to provide capability to your testers? Let’s tell a short story here…

How often has a developer run a final test before leaving for

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How long do your agile development teams spend waiting on other teams?

How long do your agile development teams spend waiting on other teams?

In the age of agile development, speed and quality of delivery is one of the main business drivers. Agile techniques and processes work well, however, how often do you have agile teams waiting on other agile teams to deliver? How often have they had to use poorly implemented stubs to continue their development efforts?

ost agile team med 01

An Agile Testing Sandbox simulates an

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Creating an Agile Payments System Testing Sandbox using Portus EVS

Creating an Agile Payments System Testing Sandbox using Portus EVS

Payments systems by their nature are incredibly complex and expensive to create. Thus when trying to test new payments applications, accessing one of these testing environments is essential to build out new and extend existing payments applications. As more and more small, medium and large organizations are now using these systems, getting access to such an environment is proving increasingly

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How can Ostia’s Agile Testing Sandboxes help companies “Shift Left” with their testing

The concept of ‘shifting left’ in the development lifecycle has evolved out of necessity as more frequent and public delivery of applications has required an exponential increase in how much testing must be done, how often it is done and how comprehensive the testing is. In the past, testing was seen to be a final step in the development process

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How can Ostia’s Agile Testing Sandboxes help companies test Blockchains

 Over the last few years, a number of disruptive technologies have developed that threaten companies by changing their supply chains. The prime focus of the introduction of Blockchain technology is to change Financial Services, but this technology will also have an impact on health systems and most production supply chains. The drive around Blockchain (aka Distributed or Shared Ledger) today,

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Supporting the Agile Development Paradigm with Agile Testing Sandboxes

Organizations are now, to some degree, aiming to move to an agile development methodology as it offers many benefits including faster delivery and better quality releases of functionality that customers want thus leading to better satrisfied and more loyal customers. Whilst modern development technologies and tools lend themselves to the concepts of agile development including the process of continuous integration,

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Agile Testing Sandboxes PSD2

Agile Testing Sandboxes help to address the requirement of the Payment Services Directive 2 (PSD2)

The Payment Services Directive 2 (Directive 2007/64/EC), perhaps better known as PSD2, was adopted by the European Parliament and Council and is set to impact the payments industry across Europe. PSD2 seeks to:

  • Further standardise and make interoperable card, internet and mobile payments
  • Reduce barriers
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