PSD2 (the revised Payment Services Directive) is the EU regulation that requires banks to give licensed third-party providers access to customer account data and payment initiation through secure APIs, with the customer’s consent. Open banking is the broader practice this enables \u2014 budgeting apps, account aggregators, and pay-by-bank checkouts built on top of a bank’s data.<\/p>\n\n\n\n
For a fintech product, open banking APIs are often the difference between asking users to type in account details and connecting to their bank in two taps. The rules keep moving, too \u2014 the EU is already working on a successor framework, so integrations built around a single bank’s quirks tend to age badly.<\/p>\n\n\n\n
We build open banking integrations behind a consistent internal layer so adding a new bank or adapting to a rule change doesn’t mean reworking the product.<\/p>\n","protected":false},"excerpt":{"rendered":"
PSD2 (the revised Payment Services Directive) is the EU regulation requiring banks to provide licensed third-party providers access to customer account data and payment initiation through secure APIs.<\/p>\n","protected":false},"featured_media":0,"template":"","acf":[],"yoast_head":"\n