PSD2

Are you ready?

Users will control their financial data and will be able to decide which providers will be able to see it.

More information

Your PSD2 partner

Emulating customer experience, monitoring the availability of e-banking system.

In January 2016 was published the second Payment Services Directive (PSD2) and compliance will be mandatory for some 4,000 financial institutions of the EU starting in January 13, 2018.

PSD2 regulates the fintech sector at European level and gives third parties access to bank infrastructure. We have been operating in this sector since 2003 and we are ready to be your PSD2 partner.

PSD2 on Eurobits

SECURE & COMPLIANT WITH EU REGULATIONS

PSD2 licensed & Compliant with EU Data Protection Law. Service hosted at IBM Data Centre in Europe. ISO 27001:2013, ISO 27018, SOC I, II & III Certification.

INDUSTRIAL GRADE

We retrieve more than 3 million of products everyday for more than half million unique users per day.

CATEGORIZATION

We categorize account and card transactions under demand with industrial quality and speed.

STABLE

More than 10 years of R+D and track record of successful customer implementations.

New Services regulated by PSD2

Improvement in the quality of the online banking service

The most important implication of the approval of PSD2 is the deployment of new services:

Payment Services of Initiation (PIS) and Account Information Services (AIS); and the need on the part of financial institutions to regulate the access of third-party companies (TPPs, Third Party Payment Service Providers) or their digital banking platforms.

I want to know more...

“PSD2 is a great opportunity for different players. PSD2 will have strategic, regulatory implications that may affect your business and will have to be complied with.”

Arturo González Mac Dowell
President & CEO
Eurobits Technologies

Since the amendment of the first Payment Services Directive was proposed, the Eurobits team, led by Mr. Arturo González Mac Dowell, has participated in many meetings in Brussels with the European Banking Authority (EBA) and the European Commission where the new directive (PSD2) was discussed. This thorough knowledge and proven experience we bring you are our most important assets.

“PSD2 is a great opportunity for different players. PSD2 will have strategic, regulatory implications that may affect your business and will have to be complied with.”

Arturo González Mac Dowell
President & CEO
Eurobits Technologies

Since the amendment of the first Payment Services Directive was proposed, the Eurobits team, led by Mr. Arturo González Mac Dowell, has participated in many meetings in Brussels with the European Banking Authority (EBA) and the European Commission where the new directive (PSD2) was discussed. This thorough knowledge and proven experience we bring you are our most important assets.

Starting in January 2018, all financial institutions across the European Union shall allow third-party providers to have access to their digital banking systems.

Account Information Services

Eurobits offers consulting service through its Aggregation service since 2003, the year the company was founded.

PSD2 and fintechs operating under it allow you to choose the companies to which you provide your data: you can manage your finances with Fintonic or with your preferred bank. This implies a fundamental shift in the relationship of banks with fintech firms and with customers.

We take charge of both aggregation of financial content and the whole process of consulting, strategy, maintenance, monitoring and user support.

Payment Initiation Services

PIS is an online service provided by payment initiation service providers (PISPs) whereby a movement of money from one account to another (usually from the purchaser's account to the account of the vendor of products/services via the Internet) is made, without the money passing through the PISP's account.

This will allow you to shop on the Internet without the need for entering your credit card number.

3rd Party Payment Service Providers

TTPs are the new actors invited to join fintech party. They are providers of value-added financial services. Banks will have to provide them with secure access to user data.

TPPs will have to abide by the same rules as traditional payment service providers: registration, authorization and supervision by competent authorities. Furthermore, the new security requirements in PSD2 text oblige all payment service providers to increase security of online payments.

In this article of our blog you can read more about how PSD2 will create a new financial environment customised to the consumer's needs.

We're looking forward to hear from you...
Visit us
Contact us
+34 91 708 03 00