Czech National Bank Chose Wultra to Provide PSD2 Solution

The Czech National Bank (CNB) not only lays down monetary policy and supervises the financial market but also provides banking services to the state and public sector. The latter, which is rather unusual for such an institution, makes it necessary for the CNB to be compliant with the PSD2 legislation.

The Czech National Bank published an invitation to tender in order to find the best solution for the institution to become compliant with this new EU legislation. It is our pleasure to inform you that Wultra’s PSD2 Enabler was chosen as the best one of the submitted bids, and thus Wultra became a proud supplier of this solution for the Czech central bank.

“We are thrilled that our PSD2 solution succeeded in this open tender and our company gets a great reference from the Czech National Bank.”
- Petr Dvořák, CEO of Wultra

Wultra offered a solution in the form of PSD2 Enabler. This is a customizable solution that helps build an API in accordance with the COBS Standard as well as secure the system to the extent required by the legislation and Regulatory Technical Standards (RTS).

Wultra PSD2 Enabler is a solution suitable not only for mid-size banks but also for small institutions such as credit unions. PSD2 Enabler publishes RESTful API for various third parties (AISP, PISP, CISP) and supports various methods of the strong customer authentication (SCA), such as verification through username, password and text message or Mobile Token app.