The list of supported banking connections in Aggreg8 is constantly expanding, in accordance with our customers' preferences. If you have any specific needs, feel free to contact us!
What is PSD2?
PSD2 is the European Union's second directive for electronic payment services. It aims to create an environment conducive to the development of digital financial services and to support the entry of new service providers into financial markets. Read more about PSD2 on FintechZone.
PSD2 creates opportunities for third-party service providers such as AISPs, PISPs, CISPs (collectively TTPs) to access banks' current account management systems and the data stored in them via APIs. This enables TTPs to offer new and innovative financial services to retail and corporate customers
As a result of PSD2, new players such as Account Information Service Providers (AISPs), Payment Initiation Service Providers (PISPs) and Card Payment Instrument Service Providers (CISPs) may enter the financial services market.
New service providers
PSD2 provides the opportunity to develop new, secure and innovative financial services, such as new procedures, processes based on Account Information Services (AIS), or current account-based Electronic Payment Solutions (PIS), or Card Payment Services (CIS).