All accounts. One platform. Open Source.
In accordance with PSD2, Open Banking supports innovation and competition by opening up payments for third-party providers (TPP).
For TPPs, this means registering with BaFin (the German federal financial supervisory authority). At the same time, finanical institutes are required to give third partners access to their payment systems via APIs and interfaces, so third parties can access payment transactions.
A big challenge here is balancing the customer experience with security requirements and ensuring the customer gets the best service possible.
Although the vast majority of European financial institutions view the PSD2 regulation positively, they are still slow to act and have yet to maximise the new opportunities that Open Banking offers, such as becoming a third-party provider themselves.
So the question is: Why limit yourself to the legal minimum requirements of PSD2 when you could discover new business areas through added services?
We’ll help make you a trailblazer in the API economy. We’ll create the conditions for making banking easier, better and more enjoyable for your customers. You can rest assured that with our open source solutions, we offer effective and secure Open Banking that is of the highest standard.
Having already helped over 100 banks become PSD2-compliant, we understand the market and can call on years of experience. As a company that places a lot of value in relationships and as an active member of networks such as Berlin Group, NISP, SFTI and SKSF, we are helping to shape the financial market.
We also mentor and support TPPs as they work towards getting their BaFin licence.
Our scalable solutions help banks, fintechs and TPPs to create new digital services through Open Banking, ensuring they comply with all PSD2 regulations.