Open Banking & PSD2 Platform

Article

The revised Payment Services Directive (PSD2) is an EU legislation which is fostering the creation of a dynamic Financial Services ecosystem, with special focus on online & mobile payments, through opening up secure access to account data -primarily through the use of APIs (Application Programming Interfaces) to trusted Third Party Payment Service Providers

PSD2 will lead to a fuller embrace of the concept of open banking, which uses open APIs to allow developers to build applications and services around the financial services industry. The Open Banking &PSD2 platform enables the management of APIs to properly handle PSD2 compliance.

Benefits

Streamlined operations.

New revenue streams from new offerings.

Capitalize on the new opportunities brought by regulations.

Bring start up agility to the organization.

Accelerate the digital transformation journey.

Expedite the development of new applications.