What is PSD2
PSD2 regulations ensure that banks will create mechanisms to enable third party providers to work securely, reliably and rapidly with the bank’s services and data on behalf of their customers. Whilst the EU does not explicitly require banks to use Application Programming Interfaces (APIs) to meet their PSD2 obligations, most believe this is the best way forward.
How Open Bank Project PSD2 Suite helps
Open Bank Project PSD2 Suite enables financial institutions to securely and rapidly comply with PSD2. The Suite is based on Open Bank Project API Platform and includes a set of tools and softwares to handle TPP Registry, API Gateway, Consent Management, Risk Engine, Multi-factor Authentication and SCA and Berlin Group specifications.
Open Bank Project + TESOBE
At TESOBE we believe that banks should not think of PSD2 as a compliance dilemma or market threat but more as an opportunity to embrace the new world of open banking. Open Bank Project PSD2 Suite offers a fast-track API-driven PSD2-compliance into bank architecture, allowing banks to focus on new opportunities delivered by this infrastructure.
01. Faster time-to-market
Less than 6 months to comply
Pre-built APIs to provision PSD2-compliant APIs
02. Beyond PSD2
Fast-track introduction of APIs into bank architecture
Open further premium APIs and engage in privileged relationship with fintech partners
03. Successful track record
- Over 40 bank customers including tier-1 banks in Europe and abroad
Over 50 sandboxes in the last 5 years
04. Ecosystem
Connect to a rich community of global Fintech startups and over 10,000 developers that drive innovation at the bank
Multiple working Apps to the bank from day one
Try it out!
The Open Bank Project PSD2 API sandbox is an open environment that provides a great showcase of what a PSD2 platform might look like. It creates an avenue for banks to securely share information, helping customers access bank services required by PSD2 (such as transaction history) and providing access to further premium APIs. Authentication processes correspond to PSD2 requirements.