The revised Directive on Payment Services, or PSD2, will require all financial institutions in the 28 European Union member states to provide open customer account information access to regulated third parties via APIs, while meeting stringent requirements for strong authentication and secure communications.
The Apigee Open Banking APIx solution 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.
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 get in 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 is designed to empower financial institutions to quickly and securely share data, and go beyond compliance to grow an ecosystem of partners and customers.