The revised Payment Services Directive became law in January 2018, its effects are to:
While PSD2 is "technology neutral", compliance is largely achieved by choosing the right technology partner. Prolifics believes the best solution to PSD2 is through securely exposing a set of open API's through an industrial-strength API management platform.
The Prolifics solution is based on the industry-leading IBM API Connect platform - already live in a number of the largest UK banks securely delivering their Open Banking requirements.
1. March 2019
- A testing facility, or sandbox is required for TPP's to test your API's
2. September 2019
- Go-live for the PSD2 RTS
To help you meet these dates, Prolifics provides a fully-managed sandbox service to let you concentrate on preparing your organisation for full PSD2 compliance.
At the same time we will help you develop and implement your full PSD2 solution, including the critical integration with your core, backend systems.
We will use your sandbox API's as a basis for delivering the full, end-to-end integration required for September 2019 PSD2 compliance.