WHAT IS IT
CBI Globe - Global Open Banking Ecosystem is the international platform that simplifies the connection between PSPs across Europe, allowing the development of advanced fintech services in response to the growing needs of corporate and retail customers.
WHY
CBI GLOBE
Because Collaborative Initiatives allow for a broader view and for a better understanding of the market of interest, also enabling the optimization of investments.
Because a platform developed according to the most modern technologies and the most advanced security criteria, 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.
Because the availability of a single point of access for all PSPs enables International Open Banking "Roaming" allowing to reach the accounts held with intermediaries active throughout Europe and to support the development of innovative services.
Because an International Open Finance Hub enables new business opportunities deriving from new services and features developed on the platform or integrated through partnerships with Fintech firms.
Because in the European context it represents a unique service being it fully interoperable internationally, fully compliant with the regulatory framework, and it is the platform with the highest constituency in terms of member banks and market share reached with respect to the reference banking industry.
HOW DOES IT WORK
CBI Globe is an Open Finance ecosystem that enables Payment Service Providers to improve their business model. By using API, CBI Globe integrates services offered by other industries and the Public Administration, in order to provide its clients with a safe and value-added customer experience.
In addition, it allows the development of competitive APIs for offering micro-services to corporate and retail customers internationally.
Besides the regulatory APIs developed to comply with PSD2, with the CBI Globe Active Functionality intermediaries can also act as a “third party” reaching 100% of Italian current accounts and the main European hubs, thus expanding the range of services available to their customers and leveraging the opportunity to develop Value-Added Services within Open Banking.
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.
The solution, thanks to its centralized governance managed by CBI, will also integrate new services offered by Fintech firms and other innovative companies.
COLLABORATIVE VAS
We analyze new service proposals made by the involved actors and we develop them at a cooperative level. Value-added services will be offered through the platform on a “shared” access basis according to Open Banking and Data Sharing Economy logics.
COMPETITVE VAS
We allow members to develop value-added solutions to be offered competitively to their customers by taking advantage of the flexibility and scalability of the platform.
BENEFITS
FOR PSPs
LOWER DEVELOPMENT COSTS
Collaborative solution that allows PSPs to rationalize technical development costs to reach customers’ bank accounts across Europe, in full compliance with PSD2.
COLLABORATIVE APPROACH
Platform offering centralized "Shared Services" for the benefit of the member Banks, and that is inherently prepared for the development of advanced services.
ASPSPs INTEGRATION
Solution natively integrated with 80% of the domestic banking market, which joined CBI Globe for the display of the interfaces required by the PSD2 Directive, and which enables the connection with the remaining Italian panorama and with the main European HUBs.
CONSTANT UPDATE OF THE SOLUTION
Guaranteed by the CBI Globe team to simplify the activities required to the member PSPs who will have to deal only with the development of their own interfaces, without the need to constantly develop and update the connections with all the account servicing payment service providers (ASPSPs) reached.
AT THE TOP OF TECHNOLOGY AND SECURITY
Solution based on the most advanced technologies and equipped with the highest security standards, which allow the compliance with the best practices in terms of standards in the Open Banking field and which favor the creation of a payment ecosystem.
SINGLE POINT OF ACCESS, MULTIPLE OPPORTUNITIES
Single point of access allowing the connection with a large number of PSPs, and enabling its members to "play a new role" in the context of Open Finance.
INNOVATION ACCELERATOR
The Membership allows the participation to an innovation ecosystem that enables PSPs to switch from Open Banking to Open Finance and which facilitates them in the development of competitive value services with lower costs and faster time-to-market.
CONSTANT MONITORING ON A CONTINUOUSLY EVOLVING REGULATION
Systemic approach to allow PSPs to fully comply with regulatory requirements and to ensure continuous adaptation to accommodate the inevitable regulatory developments that we expect in the coming months.
INTEROPERABILITY
Homogeneity and interoperability of connections with the member ASPSPs, guaranteed by functional specifications based on international reference standards.
VALUE-ADDED SERVICES
Possibility to develop value-added services by involving the innovation ecosystem enabled by CBI Globe.
BENEFITS FOR
FINAL CUSTOMERS
SECURITY
Availability of a banking solution based on the highest standards of cyber security.
QUICK RESPONSE TO NEEDS
The simplified access allowed by CBI Globe for all European PSPs, allows to reduce development times and guarantees a time to market response to the multiple needs of customers.
MULTIPLICITY OF SERVICES
The uniformity of dialogues and the high interoperability guaranteed by CBI Globe will facilitate the development of further innovative services for the end users.
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 the Competent Authority.
CONSENT MANAGEMENT
User consent collection, verification of the 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 Bank's internal risk analysis.
SCA - STRONG CUSTOMER AUTHENTICATION
Verification of the "Basic SCA" 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 collectively), and at a competitive level (defined by the individual Banks).
CONTINUOUS UPDATING
Guarantee the constant versioning of the APIs provided by the solution, also with regards to any updates of the ASPSP interfaces.
MONITORING & REPORTING
Support the member PSPs in the monitoring and analysis activities through an online dashboard equipped with advanced filters for any possible investigation activity on operations in need of in-depth analysis.
CENTRALIZED CERTIFICATES MANAGEMENT
Manage the eIDAS certificates (Qseal and Qwac) necessary for PSPs to operate in the third party role as defined by PSD2.
