PSD2 License
REG/Protect: Unless you have a PSD2 license as a AISP* or PISP* yourself, you need us!With BANKSapi, you don't have to worry about the regulatory requirements. We take care of that, and you build your embedded finance case.
Request advice*Account information service provider , *Payment initiation service provider
Overview
REG/Protect
The standard solution for anyone without their own PSD2 license: as an add-on to Account Data or Payment. Can be used directly via our API and an optimized web interface. We take care of the regulatory requirements.
REG/Hosting
The individual solution for high demands. Even deeper integration into your application and tailored to your use case is possible with REG/Hosting: this creates seamless banking and payment functionality - hosted and operated by us.
Compliance
Simple and regulatory compliant
So-called "sensitive payment data” (authentication data such as logins or online banking access data) must be processed for cloud and server-side banking and payment functionalities. For these cases, the most extensive organizational and security standards are required by law. For this reason, a license is mandatory for companies that provide this type of payment service.
BANKSapi has the necessary licenses and shares them with you. We have a license as an account information service (AIS) and as a payment initiation service (PIS) from the German Federal Financial Supervisory Authority (BaFin). The sensitive payment data is transferred by the end user to the specially protected sphere of BANKSapi and processed there. It is not possible to read sensitive payment data from BANKSapi.
So regardless of whether you need account transactions or want to make payments, with BANKSapi and our regulatory protection shield you can implement almost any conceivable use case easily and cost-effectively. We have your back with all regulatory requirements.
REG/Protect
Add-on for banking and payment
The add-on can be used for all our connectivity services without any additional effort. REG/Protect makes all banking and payment processes as simple as possible: the user is redirected from your application to a BANKSapi page, selects the desired bank and logs in there. It is clear to users that they are in the regulated sphere of a payment service provider.
BANKSapi takes over the rest of the process, transmits the required financial data and redirects the user back to your offer: their accounts, transactions and balances are then immediately available for retrieval via the API and are always up-to-date. REG/Protect can also be used for payments.
In other words, you save yourself all the effort involved in strong customer authentication and maintaining the web route. The process is completed within a very short time for end users.
REG/Hosting
REG/Hosting: Deeply integrated into your online services
With REG/Hosting, you can offer your customers added value based on account data and payments – without your own PSD2 license or registration with BaFin. BANKSapi takes care of regulatory compliance and the complete technical operation of your application or, in some cases, only the processing of sensitive payment data (especially authentication data). The advantage in both cases: Your user does not have to leave your application for this, as BANKSapi is built directly into your application.
REG/Hosting in practice:
fin4u from Alte Leipziger
The Alte Leipziger-Hallesche insurance group relies on the BANKSapi platform and our front-end solutions for its customer portal as an app and web version. Using REG/Hosting, banking functionalities can be deeply integrated and seamlessly used by all end customers.
