PSD2 Enabler

Open Banking Enabler for PSD2

Banks and financial institutions are a suspect of ever more strict regulatory requirements. One of the new legislations that stirred up the EU banking ecosystem was PSD2 - the revised directive on payment services. Among the other requirements, the legislation requires every payment institution, such as a bank, to publish a dedicated interface for the third-party access to the end user payment accounts. This access needs to be secured with strong customer authentication, or SCA for short. Wultra helps your institution to publish your PSD2 API faster by offering you an "Open Banking Enabler for PSD2". Our solution provides compliance with the PSD2 legislation through a component, that is simple to deploy and cost-effective to maintain.

Components of Our Solution

Our solution provides compliance with the PSD2 legislation through a component, that is simple to deploy and cost-effective to maintain.

01 Wultra Web Authentication solution

Wultra Web Authentication solution is the main component that is responsible for managing the SCA (strong customer authentication) verification and publishes an access token for the third-party applications. The application supports various authentication methods, such as login via username and password, SMS OTP, or - alternatively - a mobile token provided by Wultra. The web application can be easily customized to match the branding of your bank.

02 Set of Micro-Service Adapters

This second component publishes RESTful API for various third parties. These services are protected via the OAuth 2.0 protocol and are available after the end user authenticates via SCA.

Main Benefits of Our PSD2 Enabler

Regulatory compliance PSD2 (AISP, PISP, CISP)

Fast and straightforward deployment („time to market“)

Cost-efficient solution 

High degree of security

Developer Documentation via Swagger