Luxembourg-based Fortuna Banque has selected LUXHUB service platform along with Temenos T24 Core Banking PSD2 module to meet the PSD2 Directive and standards.

The company, which offers banking services including mortgage loans, savings and deposits, signed Temenos for T24 Core Banking and Channels in March 2017.

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The addition of LUXHUB service platform is expected to help the Fortuna Banque to utilise all open banking opportunities.

Fortuna Banque director Mike Felten said: “Investing in digital transformation is crucial to accelerate innovation, create added value and enrich our customers’ experience. Temenos T24 Core Banking coupled with the LUXHUB platform and services will enable Fortuna Banque to easily comply with the PSD2 directive.

“Moreover it allow us to take advantage of the new Open Banking economy, which will arise in the near future. Another key factor to choosing LUXHUB as our service provider together with Temenos’ packaged upgradable software is the very competitive total cost of ownership of the proposed solution.”

The utilisation of the two solutions will allow Fortuna Banque to open up the Application Programming Interfaces (APIs) with the deadline.

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Additionally, it is also expected to enable the bank to avoid ‘Fall-Back Option’ of using its online banking interface and equip it to start discussions over developing supplemental services towards its customers.

LUXHUB CEO Jacques Pütz said: “We’re very excited and proud to welcome Fortuna Banque in our fast growing ecosystem. The decision emphasizes the fact that LUXHUB is flexible and is ready to on-board all range of financial institutions.

“This is confirmation that LUXHUB is naturally positioning itself from its inception as a key player to drive the European Open Banking economy.”