DigiTie PSD2 enables banks to be compliant with PSD2.
DigiTie for PSD2 serves as a front-layer for banks to manage the requests of TPPs (Third Party Providers) from PSUs (Payment Service Users) 24/7/365 and to transfer the requests to core banking systems of ASPSPs (Account Servicing Payment Service Providers). It is developed to be compliant with any PSD2 standard (OpenBankingUK, NextGenPSD2, STET).
The solution uses state-of-the-art technologies like RESTful interfaces, TLS 1.2 for secure connections, OAuth 2.0 and OpenID Connect 1.0 for authentication and authorization, X.509 for certificates. The PSD2 solution provides different options for SCA, such as the classic combination of static passwords and dynamic passwords sent in SMS, or highly advanced methods like the combination of using fingerprints and mobile app-based certification. The mobile app for SCA is available on iOS and Android platforms. It is also possible to rely on the existing SCA methods of banks.
Upon request, we can connect DigiTie for PSD2 to core banking systems using either existing bank e-channel (e.g. Internet Banking) interfaces or a new, customized interface. In the case of existing interfaces only minor development is required from the bank. The solution is able to handle exemptions from SCA, like low-value transactions, contactless payments etc. In order to ensure secure operation, it also includes limit handling, and as part of the Fraud component offline confirmation etc.
DigiTie for PSD2 helps you to be compliant with PSD2 regulations and gives you the opportunity to extend the solution with further services later.