Apigee Open Banking APIx
The Open Banking APIx solution simplifies and accelerates the process of delivering open banking as required by PSD2 by enabling speedy and secure delivery of PSD2-compliant APIs.
Use the preconfigured proxies for key banking APIs, including payment transfer, account information, transactions history, sufficient funds, and financial products APIs, to achieve compliance—fast.
Leverage the pre-integrated OAuth security framework to enable different access models for internal apps or third-party providers. The banking-specific developer portal provided through the Open Banking APIx is designed to empower financial institutions to quickly and securely share data, and go beyond compliance to grow an ecosystem of partners and customers.
The second Payment Services Directive, or PSD2, will require all financial institutions in the 28 European Union member states to provide payment initiation and open customer account information access to regulated third parties via APIs. PSD2 has stringent requirements for strong authentication and secure communications that financial institutions must comply with.
The Apigee Open Banking Accelerator (APIx) simplifies and accelerates the process of delivering open banking by providing secure, ready-to-use APIs along with the computing infrastructure to support internal and external innovation.