Fiorano launches PSD2 solution for banks
Fiorano Software, a specialist in integration middleware and API management, has launched Fiorano PSD2, a solution enabling banks to comply with the European Union’s Revised Payment Services Directive (PSD2) regulations.
Fiorano says its end-to-end PSD2 solution serves “as an onramp for future e-digital banking initiatives”.
PSD2 comes into effect at the start of 2018.
“By building on PSD2 as a solution on top of a tightly integrated API management and ESB platform, Fiorano masks complex technical details, dramatically simplifies the time and effort for compliance,” states Atul Saini, CEO of Fiorano.
The vendor describes its solution as “seamless”, says it integrates will all major core banking systems and can be implemented in a matter of weeks.
Fiorano PSD2 equips banks with “functionality to secure APIs for exposing critical account information, predefine flows for typical payment scenarios, offer detailed transaction history for all consumer account activity and create complete cryptographic traces of each transaction with detailed logs”, Fiorano says.