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

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October 5, 2021
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October 5, 2021
SDK.Finance's Role Amid PSD2 & Open Banking Environment

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.

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