IIG Bank (Malta) Ltd has chosen Fiorano Software to deliver PSD2 Compliance and Open Banking capabilities, according to a press statement. Fiorano PSD2 Accelerator is believed to reduce the implementation time, cost and uncertainty risks related to PSD2.
“The implementation of Fiorano PSD2 Accelerator was straight forward thanks to the sound project management and outstanding knowledge of the technical people of the Fiorano team,” said Alan Bartoli, IT Manager, IIG Bank (Malta) Ltd.
“We opted for Fiorano PSD2 Accelerator due to the already proven expertise the solution has in API management and ease of interfacing with the core banking solution,” he added.
The Fiorano PSD2 Accelerator will be facilitating access to account information and beyond through PSD2 APIs, which the bank aspires to use for developing innovative new services for its customers. It will open the access to bank’s data to Third Party Providers for developing services to bring together accounts from multiple institutions into a single customer view.
The Fiorano PSD2 Accelerator combines multiple components required by banks into a single, pre-integrated technology stack helping them deliver ASPSP interfaces while addressing key technical PSD2 considerations related to Access to Account (XS2A), Strong Customer Authentication (SCA), Common and Secure Channels of Communication (CSC) and TPP Identity & Regulatory Checking.