With the help of BANKSapi REG/Protect you can offer your customers added value on the basis of account data and payments - without your own license or registration with BaFin. BANKSapi takes care of regulatory compliance for you.
The end user opens a new BANKSapi website from your application, selects his bank and logs in there. The end user can see that he is in the regulated sphere of a payment service provider. BANKSapi takes over the further process, transmits the required financial data and guides the user back to your offer. The BANKSapi REG/Protect can also be used for payments from your application.
In addition to regulated clients, non-regulated clients can use BANKSapi REG/Protect to extend their service range to include use cases based on the use of an account information service (AIS) and a payment initiation service (PIS) - without own PIS license and AIS registration*.
*Since 2018, BaFin obliges service provider to register if payment account data is accessed or apply for a license if payments are triggered via online banking.