Strengthen customer relationships through open banking business models, while complying with PSD2 and other open banking API regulations
Of banks in Europe, North America and Asia have implemented or are planning to roll out open API banking services in the next two years. What’s your strategy?
The regulators have spoken. PSD2 in Europe, the UK’s CMA9, and India’s Policy on Open APIs, among others, all have the same goal: to increase competition and choice by mandating open payment and banking services.
Compliance isn’t enough. Even without regulatory pressure, competition from challengers and the API-friendly approaches of fintechs and "bigtechs" is forcing banks to rethink their business models in favor of open banking. Mere compliance isn’t enough to ensure that traditional banks will survive.
VolPay Open Banking addresses compliance requirements wherever necessary, while providing an ideal launching pad for using open banking to innovate and compete.
Read the executive briefing to understand why you need to look beyond compliance and focus on the business opportunities of open banking, wherever you do business
A single solution for payment initiation, account access and other API-based open banking services. Handles all orchestration and integration with bank and third party systems, ensuring minimal system impact and full regulatory compliance. Compatible with all external API management platforms.
Australia ACCC Open Banking
Other regional and global open banking standards
Develop new omnichannel customer experiences
Combine open banking with real-time / instant payments
Offer all banking services on open API channels, creating the "open branch"
With over 300 open banking APIs
Global and regional banks
Third-Party Providers (TPPs)
Fintechs and bigtechs
We looked for a solution that would enable PSD2 compliance quickly without having to make considerable changes to our systems and considered Volante and Token’s PSD2 compliant APIs a perfect one-stop-shop solution to provide this capability
By using Volante’s ready-made PSD2 solution, we are able to become PSD2 compliant within only a few months, without having to divert costly IT resource to the project. This enables us to focus on our core business and we continue to serve our UK clients in the best way possible