OpenBanking Compliance Suite

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Your innovative banking suit

Our Open Banking Compliance Suite is a comprehensive solution for banks and financial institutions that covers all essential components of the Open Banking framework:

Enabler for accelerated APIs exposing
Securely share customer payment & financial data with authorized payment service providers and manage customer consents
Easily scalable core for the Open Finance services implementation

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BASIC COMPONENTS

Open Banking API

It is a fundamental component of open banking suite with standardized APIs that securely connect with banks' accounting systems, initiate transactions, access transaction history, and execute payment instructions.

Configuration management

The Suite Includes a service profile management feature that enables banks and financial institutions to configure and define within the NextGenPSD2 standard their available services, capabilities, and preferences independently of each other.

Sandbox

The sandbox environment is designed to emulate the banking framework and test Open Banking APIs (including all PSD2-compliant services) by any external Payment Service Provider with the real transactions’ simulation, automated testing data flows and own test-data management.

Consent Management & Database

Pre-defined component “Consent management system” of GD Next to manage the consents granted to PSP/TPP and its corresponding information.

Developer Portal

The Suite component that based on the GD Next product BankEmu. The developer portal provides detailed implementation guide, resources, and tools that assist third-party developers to discover the available APIs, accessing testing environments, and testing their applications.

Сertificate validation
& TPP validation service

Is a ready-to-use solution that helps you to authorize third-party providers to access and retrieve financial information from customers' bank accounts, verify certificates to guarantee secure and fast provider identification.

Solution architecture

Extended services

TRANSACTION MONITORING

FRAUD DETECTION

AND REPORTING

SCA MOBILE APPLICATION

SUPPORT & MAINTENANCE

Benefits

Fully compliant with the current PSD2 requirements and provides all mandatory and most of the available optional services.

Cover all presently outlined SCA flows based on RTS, and supports consent management.

Dedicated SCA mobile application for authorisation process.

Verified compliance of established standards through full coverage of test cases.

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Solutions

FLEXIBLE SOLUTION OPTIONS

Open Banking Compliance Suite is available Individual or Software-as-a-Service (SaaS) solution. It provides flexibility to cater to your specific needs. Whether you prefer an independent installation or a cloud-based deployment, we have you covered.

To learn more about our Open Banking Compliance Suite and its pricing options tailored to your specific requirements, please reach out to us. We would be happy to provide you with all the information you need to make an informed decision.

Individual

Extended / Premium APIs

Easier security & audits

Less external dependencies

Higher TPP onboarding costs

Higher operational costs

Slow updates implementation

Software-as-a-Service (SaaS)

Faster implementation - less time to market

Updates are picked up on the flight

Shared operational costs - ability to compete with bigger players

Higher costs for switching to a separate solution

Absence of direct API monitoring

Common extended Premium APIs

MORE DETAILS

Implementation roadmap

START

Start of cooperation

3 WEEKS

after the project start

Initiation workshops

During the workshops between all involved parties we will:

share knowledge about Open Banking standards
define the scope and produce a project implementation plan
define the architecture and necessary adjustments

6 WEEKS

after the project start

Setup and publication of Sandbox environment and Developer portal

preparation of Developer portal with API documentation
individual styling of developer portal according to customer style guides
initial verification of open banking services completeness

12 WEEKS

after the project start

XS2A-connector implementation

During this phase we’ll implement XS2A-connector and integrate it for gaining the real connectivity between the Open Banking Suite components and bank informational systems

14 WEEKS

after the project start

Environment preparation

Our specialists will configure the Infrastructure, deploy software, setup monitoring and logs aggregation

18 WEEKS

after the project start

Acceptance testing and Go-Live

Finalisation Phase of the integration project and addresses:

functional acceptance testing
performance testing
in-Production acceptance

20 WEEKS

after the project start

Full compliance to the law

3 months

after go-live

Post-production process establishments

Establishing post-production follow-up activities including:

functional acceptance testing
performance testing
in-Production acceptance

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Your innovative banking suit