What will PSD2 mean for your bank?
PSD2 is designed to provide transparency and give consumers the option of sharing their bank account data with other banks, fintechs – maybe even telecoms companies, utilities and retailers – in order to take advantage of useful and relevant services.
Everything you need for Payment Services Directive II (PSD2)
Making the most of PSD2 and making sure you are 100% compliant needn’t be difficult. Avaloq has done the hard work for you, so you have two good options to choose from. You can go for our ‘as a service’ model, where we take care of everything, running your operations to comply with PSD2 and providing you with all the tools needed to easily manage all your third-party providers. Or you can simply select the service components and API software elements you need to handle everything yourself.
Open Banking and PSD2: is the industry ready?
PSD2 is designed to inject a new spirit of innovation and competition into the financial services industry. It harmonizes consumer protection and clearly defines the rights and obligations of payment providers and payment service users.
As the deadline approaches, every bank needs to invest in the infrastructure required to comply with these revolutionary changes. Watch this webinar to hear how our experts assess the industry’s readiness for PSD2 and open banking.