psd2 & open banking
Seize the opportunity. Deliver secure, seamless customer experiences.
IAM: THE KEY TO OPEN BANKING
Our platform is used by hundreds of financial services enterprises, including large retail banks, challenger banks and emerging fintech organizations, as well as Open Banking Ltd. itself. Our advanced integration capabilities provide a solid foundation for a highly secure API framework.
For secure XS2A, combine our market-leading federation solution (PingFederate) and our API access security solutions (PingAccess and PingIntelligence for APIs). This provides standards-based, intelligent support for an OAuth 2.0-based API security model, including OpenID Connect (OIDC) and financial API specifications.
PingID, our contextual multi-factor authentication (MFA) solution, provides a foundation for supporting the SCA requirements mandated by PSD2. PingID enables compliance with the dynamic linking requirement of PSD2 through support for payment MFA notifications that specify the payee and amount, so customers know exactly what they’re paying for.
Each time a customer requests access to their account data via a third-party provider (TPP), the account holding institution must check the request against data consent policies and log an auditable consent record. This is supported by our highly scalable identity datastore (PingDirectory) and our customer-centric data access and consent management product (PingDataGovernance).
build a library for your open banking solution architecture
See how our leading IAM solution can enable your organization to meet PSD2 and open banking requirements while opening new doors to opportunity for your business.