In todays Digitalized World, customers world wide need 24x7 banking services, in the fast transition from the in-branch traditional Bank experience.
The EU driven Payment Services Directive version 2 (PSD2) is set to open the banking services market and help standardize Fintechs and traditional Financial Institutions by means of a regulatory enforcement.
In the efforts to help accelerate this proces and provide the best user experience for customers, IT Smart Systems partners with leading Digital Identity providers and API Management providers to enable Fintechs and Financial Institutions for PSD2 and OpenBanking.
The modular solution provided by ITSS includes:
Strong Customer Authentication accelerators (inclusing biometrics capability)
PSD2 APIs starter kit derived from ISO20022
Strong Customer Authentication enables best-in-class security controls over authentication, authorization and consent management, which are critical elements required by PSD2 and the Digital Transformation of the banking environment.
Stay tunned for more updates from ITSS on PSD2.
Check out the EBA (European Banking Authority) specifications for PSD2 at https://www.eba.europa.eu/regulation-and-policy/payment-services-and-electronic-money/technical-standards-on-the-eba-register-under-psd2
Interrested to see more on the ITSS solution for PSD2 or a live Demo? Please contact email@example.com