ClickCease

SDK.Finance's Role Amid PSD2 & Open Banking Environment

Prove
October 5, 2021

Prague – 04.17.2017 SDK.finance, a European software FinTech vendor, reveals the strategic options of partnering with banks for PSD2 implementation. Alex Malyshev, CEO of SDK.finance, encourages banks to put customers as the focal point of their PSD2 strategy.

"We are currently showing a number of European banks possible ways to generate value for their customers amid the PSD2 & Open Banking environment. And, interestingly, most banks are still viewing PSD2 as a threat rather than a catalyst for changes. And our task is to change that misperception. The pure threat is the lack of actions and viewing PSD2 as a compliance exercise. What they need is the shift of the focus onto the customer. Simply following the PSD2 requirements will not automatically secure the new revenue streams or put the bank in one league with Tech giants and FinTech startups that have already earned customers’ trust. It is time to think big and take action."

SDK.finance offers three options of strategical partnership acting as:

  • Banking API provider
  • API aggregator
  • API app store

The first option enables banks to innovate at a pace and create compelling banking products and services. The second grants the ability to aggregate multiple APIs in one place. And last but not least, SDK.finance offers an opportunity to create a new ecosystem consisting of mutually beneficial partnerships between the bank and third-party providers. SDK.finance solution is fully compliant with PSD2 requirements.

About SDK.finance

SDK.finance offers a digital banking software solution (100 APIs) that links the functionality of the core systems with upscale FinTech tools. The state-of-the-art solution enables banks & financial institutions to stay agile and secure strong positions amid rapid digitization. The solution integrates seamlessly into existing infrastructure and enables banks to reduce costs 10 times, increase speed to market & and efficiency. It enables banks’ and other financial institutions’ developers to operate with client profiles management, business process management, accounts, e-wallets, invoices, payments, recurring payments, P2P money transfers, prepaid & mass payments. Several back-offices for different business actors like CFO, Compliance & Anti-fraud are available from the box.


To learn about Prove’s identity solutions and how to accelerate revenue while mitigating fraud, schedule a demo today.

Tags:
Banking
Tags:
EU

Keep reading

See all blogs
Prove’s Tim Brown Explains How to Reduce Fraud and Improve Onboarding with Identity Verification

Reporters from GreenSheet, a popular publication that highlights trends in the banking, financial services, and fintech markets, recently met with Prove’s Global Identity Officer, Tim Brown to learn how advanced identity verification solutions are driving faster and better digital customer onboarding.

Kaushal Ls
May 21, 2024
Prove CEO Rodger Desai Featured on Fintech Leaders Podcast

Prove CEO and co-founder Rodger Desai was recently the featured guest on the Fintech Leaders podcast with fintech leader and entrepreneur Miguel Armaza. The two discussed the identity verification market, innovations in onboarding and customer enablement, and explained how smartphone data provides the most effective way to verify customers.

Kelley Vallone
May 16, 2024
Marketplace Risk Proudly Names Prove as the Leader in Identity Authentication

Marketplace Risk, a leading authority in risk management for online platforms, has announced the recipients of its annual Solution Provider Excellence Program. This prestigious initiative spotlights industry leaders in risk, trust, and safety solutions, showcasing their expertise in addressing the challenges encountered by digital marketplaces, gig economy, and digital platforms. Among the winners is Prove.

May 15, 2024