Ever heard of PSD2? Get ready for it

14.03.2019    Share +

Ever heard of PSD2? Get ready for it

You’ll hear more often about it from now on. This is the new Payment Services Directive, which requires banking institutions to improve their security measures, as well as have open access to their systems through the so-called Application Programming Interface (the infamous API abbreviation you must have seen in recent times). What does this mean in human language?

Crudely summarised, this is good news for open banking, which enables third-party developers to build applications and services around the given financial institution – in our case TBI Bank. For this purpose we’ve created a dedicated portal, which interested parties can access here.

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