The race is on! September 14 is coming up, are you prepared for PSD2?
Wultra Can Help You Get Ready.
The PSD2 legislation brings stricter regulatory requirements for the European banking sector. It is set to go into effect on September 14, 2019, forcing financial institutions to make adjustments to their systems.
Among the other requirements, the legislation requires every payment institution, such as a retail, corporate or cooperative bank, to publish a dedicated interface for the third-party access to the end-user accounts. This access needs to be secured with strong customer authentication (SCA) and must also meet other requirements outlined in the regulatory technical standards (RTS).
Get your banking apps ready in a breeze...
While some banks invested a large amount of capital and resources into the compliance with PSD2, others used their money wisely and deployed lightweight, yet still compliant solutions.
Our Open Banking Enabler for PSD2 provides compliance with the PSD2 legislation through a set of components that is simple to deploy and cost-effective to maintain. It has already helped numerous banks in the EU to solve the issues related to PSD2 compliance.
The Open Banking Enabler for PDS2 includes ready-to-deploy components for:
- Strong Customer Authentication (SCA) for web and mobile apps.
- Publishing the API for AISP, PISP and CISP.
- Anti-Fraud System and Transaction Monitoring.
- Mobile App Shielding (RASP).
- Consent Management.
- Developer Portal and API Documentation.
It assists banks in publishing the dedicated PSD2 compliant interfaces as well as securing their existing digital channels. Overall, our solutions will make the transition to PSD2 regulations smooth and effortless.
To learn more about the PSD2 regulation, visit the European Banking Authority website.
Do you have any questions? Contact us at info@wultra.com.
