PaymentComponents and Natech have a strategic partnership for the European Union’s second Payment Services Directive (PSD2) and Open Banking.

The partnership will enable the direct integration between PaymentComponents’s Open Banking platform aplonAPI with the Core Banking Natech solution, CSB2.

Now, Natech is a certified technology and reseller partner of PaymentComponents.

The aplonAPI offers a complete PSD2 compliant solution to the banks and other financial institutions enabling Open Banking initiatives. It also facilitates collaboration with the growing FinTech community.

The partnership will enable the banks which have implemented CSB2 to become PSD2 Compliant safely by receiving access to aplonAPI as a part of the same solution.

Furthermore, all financial entities, that will select CSB2 as their core banking system, will receive a fully scalable Open Banking technology stack and streamline their APIs integration strategy.

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PaymentComponents and Natech focus on assisting the banks and other financial entities to implement the latest business models and swiftly respond to the new opportunities in the Fintech ecosystem.

Natech has been operating in the sectors of financial services for more than 30 years developing integrated IT solutions.

Last year, the company launched the new generation Core Banking System CSB2, restructured its business process management as well as expanded its partnership network in various regions including Central and West Africa, Iran, Albania and Cyprus.