Italian RegTech company Fabrick has launched two ready-to-use solutions enabling companies to remain compliant with the updated Payments Services Directive (PSD2).
The first one is called TPP Directory API. This tool consists of an API that returns complete and constantly updated information. This empowers financial institutions like banks to authenticate and authorize TPPs.
The second solution is named TPP Gate. This is a solution that takes charge of identification and authorization processes. By doing so, it creates an endpoint for access, certificate validation and TPP-to-home banking communication through a specific API. TPP Directory API is included in TPP Gate.
“We are in a moment of great change: the banking world is entering a new era,” Paolo Zaccardi, CEO of Fabrick. “Customer information will be made available to third parties, new competitive challenges will open up that will bring added value to the end-user and great opportunities for those operators who decide to ride the wave of change with an active approach in identifying new partners and services.”
He argued that to companies looking to be compliant must have strategic vision. Zaccardi suggested that the two solutions provided the ability to act rapidly.
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