PSD2 License
REG/Protect: The standard solution for anyone without their own PSD2 license: REG/Protect is automatically included in our solutions. Can be used directly via our API and an optimized web interface. We take care of the regulatory requirements.
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Overview
REG/Protect
The standard solution for anyone without their own PSD2 license: as an add-on to Open Banking or Pay by Bank. 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
Secure and regulatory compliant
- BANKSapi is compliant with PSD2, DORA, German ZAG-MaRisk and GDPR.
- The processing of sensitive payment data (logins, banking access data) requires strict legal security standards and mandatory licenses.
- BANKSapi has BaFin approvals as an account information service (AIS) and payment initiation service (PIS) and provides this regulatory framework to its partners.
- Sensitive payment data is entered and processed exclusively in the protected BANKSapi infrastructure by the end user; external reading is impossible.
- With BANKSapi, companies can retrieve account information and initiate payments – securely, cost-effectively, and without the need for their own licenses.
- BANKSapi takes care of all regulatory requirements so that partners can focus on their use cases.
REG/Protect
Integrated PSD2 license in BANKSapi
The mandatory PSD2 license is automatically included in our solutions. For you, this means no additional effort and immediate implementation of your use case. In short:
- REG/Protect comes with a web form for entering logins and access data as well as handling strong customer authentication (SCA).
- You save yourself the immense effort of obtaining your own PSD2 license and maintaining the web forms.
- REG/Protect can be embedded in your offering as a redirect or as a web component.
- You receive account information via BANKSapi's REST API and also initiate payment transactions via this API.
- REG/Protect protects your company from the obligation to have its own PSD2 license and is secure for your customers.
REG/Hosting
The individual solution for deep integration into your application
REG/Hosting goes significantly further than REG/Protect: BANKSapi takes care of both regulatory compliance and the entire technical operation (hosting) of your application, or just the processing of sensitive payment data (especially authentication data). The advantage in both cases is that your users do not have to leave your application, as BANKSapi is integrated directly into it.
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.
