The second Payment Service Directive (PSD2) from the European Union binds companies in the financial sector to provide APIs for the communication between banks.
The APIIDA PSD2 Solution Pack for the Broadcom Layer7 API Gateway (once CA API Gateway) solves the technical challenge faced by banks by providing a solution to comply with the directive. Ensuring guaranteed future by complying with the standard by the Berlin Group in the newest version. An easy way to integrate into the backend of the bank and secure the connection by using the API Gateway technology from CA (a Broadcom company).
The PSD2 directive mandates that all banks within the European Union provide APIs to communicate with external service providers, such as FinTechs. There is now more pressure than ever before for the agility to provide enhanced features and service for customers.
PSD2 brings a wealth of new opportunities for new and existing players in the market through an industry-wide adoption of interfaces such as the XS2A (Access to Accounts) interface proposed by the Berlin Group. Strong customer authentication is imperative to the success of any implementation, ensuring that customers and banks are not successfully targeted and misused by malicious third-parties.
Benefits of APIIDA PSD2 Solution Pack
Up do date
APIIDA PSD2 Solution Pack support PSD2 with a modern, maintainable solution that is proactively updated. It support also the NextGenPSD2 XS2A framework from Berlin Group in the newest version (current: version 1.3.2) to support a modern, open, harmonised set of APIs with the industry leading Broadcom Layer7 APIM platform.
Low Costs & More Benefits
It reduces complexity and implementation costs while enhancing your customer experience and security.
The solution pack adds value for your customers and differentiate from your competitors by providing an Open Banking or Banking-as-a-Service solution.
Features of APIIDA PSD2 Solution Pack
Provides a solution to ensure the necessary regulation from the European Union
Follow the NextGenPSD2 specification from the BerlinGroup
Updated versions to ensure support for the latest version from the Berlin Group
Using the industry leading, battle-hardened CA (Broadcom) API Management platform
Extensibility with a multitude of integration options made possible with the CA (Broadcom) API Gateway
A modern, purpose-built dashboard for active monitoring and fault finding of your API services with the APIIDA API Gateway Manager (AAGM)
Reliable point and click migration of new API services with modern version control and auto-healing capability
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