Fiorano Software has unveiled a new solution, dubbed Fiorano PSD2, to help banks comply with the European Union’s Revised Payment Service Directive (PSD2) rules, which will be effective from 2018.
The vendor said that the solution will allow banks to secure APIs for exposing account information, predefine flows for payment scenarios, offer detailed transaction history as well as create cryptographic traces of transactions.
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“Fiorano’s end-to-end PSD2 solution is built on the industry’s leading banking Integration and API Management infrastructure serving as an onramp for future eDigital Banking initiatives,” the vendor said in a statement.
The new tool can be deployed in weeks and will integrate with all major core banking platforms.
Fiorano Software CEO Atul Saini said: “By building on PSD2 as a solution on top of a tightly integrated API Management and ESB platform, Fiorano masks complex technical details, dramatically simplifies the time and effort for compliance.”
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