With the Second Payment Service Directive (“PSD2”), the European Parliament has essentially mandated a revolution in the European payment industry.

With the Second Payment Service Directive (“PSD2”), the European Parliament has essentially mandated a revolution in the European payment industry.

Don’t get left behind

While most regulations tighten and control banking and consumer privacy, PSD2 opens up your payment infrastructure and customer data assets to any party, to innovate, develop and deliver payments and information services targeted at your customers. In Europe, this PSD2 directive requires banks to create an open infrastructure prior to 13 March, 2019. In doing so, the revolution will foster innovation by creating a frictionless ecosystem that allows banks to partner with Fintech firms to better serve demanding consumers, seamlessly cross-sell other products, and easily attract new customers.

Don’t get left behind

While most regulations tighten and control banking and consumer privacy, PSD2 opens up your payment infrastructure and customer data assets to any party, to innovate, develop and deliver payments and information services targeted at your customers. In Europe, this PSD2 directive requires banks to create an open infrastructure prior to 13 March, 2019. In doing so, the revolution will foster innovation by creating a frictionless ecosystem that allows banks to partner with Fintech firms to better serve demanding consumers, seamlessly cross-sell other products, and easily attract new customers.

To keep pace and stay competitive, you must do three things:

1

Open up data to third party processor (TPP) for payment initiation and/or account information

2

Open up data to third party processor (TPP) for payment initiation and/or account information.

3

Create secure API providers may consume.

Have you started?

If you haven’t, you are already way behind your competition!

 

 

Welcome to the Ying & Yang of PSD2

On one hand PSD2 can translate into new sources of revenue for you and your partner ecosystem, and can deliver a frictionless banking experience for your demanding customers.

On the other hand, the challenges are many:

Regulatory Complexity. Difficult to ensure accurate interpretation of RTS

Technical Complexity. Poses new and unknown technology and infrastructure challenges. Drain on internal resources

Risk & Liability Exposure. Deadlines fast approaching leaving you vulnerable to fines. Security & privacy risks if not planned/implemented correctly. Requires ongoing management & monitoring to sustain compliance

What’s the balance, and how do you achieve it?

Epiphany PSD2 open banking platform

Mantaining your lead in the banking revolution

At the center of helping you stay balanced and competitive in this banking revolution is the Epiphany PSD2 open banking platform®, a turnkey “white label” solution aimed at eliminating the burden of PSD2 compliance.

This platform drives quick deployment, and at the same time, creates a strong foundation to empower you to derive maximum benefit from the new Open Banking era, and keep you in the lead.

Epiphany PSD2 open banking platform

Mantaining your lead in the banking revolution

At the center of helping you stay balanced and competitive in this banking revolution is the Epiphany PSD2 open banking platform®, a turnkey “white label” solution aimed at eliminating the burden of PSD2 compliance.

This platform drives quick deployment, and at the same time, creates a strong foundation to empower you to derive maximum benefit from the new Open Banking era, and keep you in the lead.
Third Party Provider (tpp) management
Manage the consent given by a User to a Third Party Provider (TPP). Select the on-boarding model that fits your need: automatic through the usage of eIDAS certificate, manual entry though the back office application. Developer Portal to create real value for TPP customers.
Custom Performance Analytics
Dashboards with raw and aggregated information give you performance insights quickly and accurately.
Fraud Management & dispute resolution
AntiFraud system based on the latest Machine Learning Technologies and algorithms. Report generation as demanded by Competent Authorities. User friendly back office application helps find quickly all information to help in Dispute resolution cases.
Cutting edge architecture
Modern microservice architecture, automatic scaling and high availability. System monitoring and powerful dashboards. Cloud ready solution to start running on-premises on your current systems and seamless migrate to your preferred cloud.
XS2A Throhugh Dedicated Interface (API)
Support multiple API implementation: NextGenPSD2 (Berlin Group), Polish API, custom Gateways Protocols. Predefined or customized analytics information for your API catalogs within dashboards.
Industry leading security features
Full coverage of all security requirements part of the Regulatory Technical Standard and industry best practice. Integrate into existing platforms or benefits from new service offerings to implement Strong Customer Authentication, Dedalo supports market leader providers. Audit trails and reliable logging mechanism.

 

 

 

Dedalo is an IBM verified solution

Make no mistake

this is a race, from challenges to compliance to winning.

Getting & Staying Compliant

A Platform that ensures and sustains compliance.

New Revenue Model For Existing Customers

By incorporating TPPs to your services, you can charge your customers for these new options.

Attract New Customers

You become an aggregator platform of unique financial services that will draw new customers.

Make no mistake

this is a race, from challenges to compliance to winning.

Getting & Staying Compliant

A Platform that ensures and sustains compliance.

New Revenue Model For Existing Customers

By incorporating TPPs to your services, you can charge your customers for these new options.

Attract New Customers

You become an aggregator platform of unique financial services that will draw new customers.

Why Epiphany?

Speed to value

Our team can expertly navigate to meet your locally mandated timeline while maintaining best in class quality. See out Accelerated Deployment Path – and GO!

FinTech-Pay Experts

We provide the best of both worlds with a team of seasoned technologists having decades of experience in the banking sector and a specialty in payments. Strong regulatory know-how and security expertise.

Architected to Think, Scale and be Secure

Designed to Think: Our unique anti-fraud solution uses machine learning designed to “think” in this new ecosystem, based on your business logic.

Designed to Scale: The system is modular with reusable assets (micro-service). Can run on-prem, in the cloud or hybrid and run on platforms including IBM or Oracle.

Designed to be Secure: Full coverage of all security requirements that are part of the Regulatory Technical Standard and industry best practice. Integrate into existing platforms or benefits from new service offerings to implement Strong Customer Authentication, Epiphany PSD2 solutions support market leader providers. Audit trails and reliable logging mechanism.

Customization

Our “Compliance in a box” offering lets you select specific elements to meet PSD2 compliance that best fit your unique needs.

Proof Point

Our team knows this space. We designed and implemented MyBank, the first project in Europe to offer online and mobile payments using bank account instead of credit cards.

Why Epiphany?

Speed to value

Our team can expertly navigate to meet your locally mandated timeline while maintaining best in class quality. See out Accelerated Deployment Path – and GO!

FinTech-Pay Experts

We provide the best of both worlds with a team of seasoned technologists having decades of experience in the banking sector and a specialty in payments. Strong regulatory know-how and security expertise.

Architected to Think, Scale and be Secure

Designed to Think: Our unique anti-fraud solution uses machine learning designed to “think” in this new ecosystem, based on your business logic.

Designed to Scale: The system is modular with reusable assets (micro-service). Can run on-prem, in the cloud or hybrid and run on platforms including IBM or Oracle.

Designed to be Secure: Full coverage of all security requirements that are part of the Regulatory Technical Standard and industry best practice. Integrate into existing platforms or benefits from new service offerings to implement Strong Customer Authentication, Epiphany PSD2 solutions support market leader providers. Audit trails and reliable logging mechanism.

Customization

Our “Compliance in a box” offering lets you select specific elements to meet PSD2 compliance that best fit your unique needs.


Proof Point

Our team knows this space. We designed and implemented MyBank, the first project in Europe to offer online and mobile payments using bank account instead of credit cards.

Accelerated deployment path

Our team can expertly navigate to meet your locally mandated timeline while maintaining best in class quality.

10 days

Analyze


Collaborative process for PSD2 readiness assessment.

20 days

Define


Elaborate project plan and create a roadmap.

90 days

Roll-Out


Employ an iterative and progressive solution delivery.

I

Maintain


Operationalize monitoring to ensure performance and compliance*

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