Open Banking/PSD2

Painless Compliance: Fully customizable, cost-efficient, highest Open Source quality with adorsys inside

The Challenge

In accordance with PSD2, Open Banking drives innovation and competition within the financial market. Standardized security concepts have been the focus so far.

A big challenge here is balancing the customer experience with security requirements and ensuring the customer gets the best service possible.

Why limit yourself to the legal minimum requirements of PSD2 when you could also discover new business areas through added services?

Our Solution

We’ll help make you a trailblazer in the API economy.  We’ll create the conditions for making banking easier, better and more enjoyable for your customers.  

Having already helped over 100 banks in Europe become PSD2-compliant, we can call on many years of experience, understand the market and lead the direction for open banking.

As a company that places a lot of value on relationships and through our memberships and active participation in the most important open banking committees such as Berlin Group, NISP, SFTI, Open Banking Project CH, OpenID and SKSF, we are not only shaping the financial market, we are also forming the crucial bridge for our customers.

If needed, we also mentor and support TPPs as they work towards getting their BaFin licence.

With our Open Source solutions, we offer effective, secure and scalable Open Banking in compliance with regulatory requirements.

Being up to date with the open finance guidelines, we are constantly enriching our portfolio with other important services, including current topics such as:

  • Signing baskets (SBS):
    Authorization of multiple transactions or approval of an SCA operation instead of multiple individual payments.
  • Pay Later:
    Payments made after the purchase of goods or services. Smaller amounts are added up and, depending on the agreement, debited at regular intervals. Mobile payments are processed via the mobile phone, with settlement via the mobile phone bill or directly via a bank account.
  • Request to Pay (RTP or R2P):
    Request to Pay is a request for payment that precedes payment. This message contains all information about the transaction and – provided the customer confirms it – triggers a transfer.

With the new open banking infrastructure and PSD2 guideline, coupled with the rise of multiple payment options such as credit, giro cards, Apple and Google Pay, PayPal, instant transfer, SEPA direct debit or advance payment, the universal and in real-time happening payment method, Request to Pay, is becoming more and more important.

The digital payment request can be sent, for example, by email, via applications or the bank infrastructure and also via NFC (Near Field Communication). With this intensification of customer contact, other valuable data can be transmitted, stored in a legally compliant manner as well as business data analyses carried out.

Significant for Request to Pay is that all account holders and thus almost every consumer is a potential touchpoint. adorsys is at the forefront in the development of the market.

Contact us today to establish your market leadership with Request to Pay together with us

The Benefits

  • Product and technical implementation from one source – thanks to adorsys’s expertise
  • Strong authentication and security for PSD2
  • Flexible connection of third-party banks across all sectors (retail, private and corporate banking) to drive new customer acquisition and customer loyalty
  • Not limited to one single API, but instead the ability to integrate different APIs
  • Open source products that can be implemented into existing IT infrastructures right away (plug and play)