Finologee has expanded the reach of its PSD2 compliance services to 18 more countries through new partnership with Swiss private banking platform New Access.
As part of the agreement, New Access has integrated the PSD2 solution into its own platform which will be available to its clients, which span 18 countries.
In turn, Finologee is expanding to availability across Europe and will be ensuring full PSD2 compliance for New Access clients. Initially, focus is being put on New Access clients in Luxembourg, Liechtenstein and the UK
New Access provides private banking and wealth management players with front-to-back software solutions. Its product suite includes portfolio and order management, electronic document management, client data management, customer relationship management and onboarding.
Finologee co-founder and CSO Jonathan Prince said, “This partnership is the perfect illustration of the global trend around APIs in the Financial Industry and its advantages for banks to meeting regulatory obligations fast and efficiently.
“It also shows the roles and the benefits brought by the different stakeholders with New Access integrating seamlessly for its client banks and Finologee providing a proven high quality PSD2 compliant API already used by 32 Financial Institutions in 10 different European countries.”
The RegTech platform offers both a portfolio of microservices an APIs to fuel digital finance products and processes and readymade toolkits for digitalisation and compliance. Clients can access ‘building blocks’ which a selection of APIs which can help personalise a digital platform. Some of the APIs available cover KYC, ID document validation, E-signatures, PSD2 account access, micropay and video KYC, among others.
Alongside these, a company can access a full PSD2 compliant solution, a white-labelled digital onboarding toolkit or a digital service for secure KYC remediation.
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