Fiorano, which provides digital business solutions, has released a sandbox ‘ready-to-deploy’ PSD2 sandbox.
This release comes ahead of the March 2019 deadline for PSD2 compliance and will support the company’s existing PSD2 accelerator, which is designed to support banks which need ASPSP interfaces to meet compliance.
The sandbox has been designed to help banks enable API management and PSD2 APIs, identity management, CSC and SCA for compliance requirements of PSD2. By doing all of this through a single solution, Fiorano aims to lower implementation times, cost
Fiorano’s PSD2 Accelerator has been built in a modular fashion, with a set of various components which are easy to integrate with a bank’s existing system and product. Its accelerator provides the banks with a selection of tools and technology to help meet compliance on both front and back office operations. US-based Fiorano originally launched its PSD2 support solutions last year.
Fiorano Software UK country head Biju Suresh Babu said, “Fiorano is the first enterprise player to incorporate all the main technology components required for ASPSP interfaces, covering both front-office and back-office functions in line with the EBA’s RTS, into a single & unified bundle.
“The sandbox is part of Fiorano PSD2 Accelerator, comprising 16 technology components working together to help banks deliver ASPSP interfaces while addressing key technical PSD2 considerations related to Access to Account (XS2A), Strong Customer Authentication (SCA) and Common and Secure Channels of Communication (CSC).”
There has been a lot of interest in the PSD2 investing space, with $257.6m being invested into companies which provide services for PSD2, between 2013 and Q3 2018, according to data by RegTech Analyst.
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