The revised payment services Directive (EU) 2015/2366 gives traditional banks a lot to think about. The Fiorano PSD2 Accelerator is designed to help banks implement the technology and security required to deliver ASPSP interfaces in a compliant and quick manner, covering XS2A, SCA and CSC.
PSD2 is designed to force traditional banks to open up systems via. APIs and share data with their competitors.
With regulatory timelines just around the corner, banks are left with very little time to put in place the essential technology required to meet requirements related to publishing ASPSP interfaces and developer sandboxes. The regulation itself is an interesting acronym, and there being many more associated with it, this white paper seeks to provide clarity and if possible be a reference point for the many terms related to it.