A new European Directive forces Retail Banking to be more open and transparent and creates new business opportunities.

PSD2- Second Payment Services Directive

The PSD2 is a Directive for Payment Services in the EU, which aims to introduce more openness, transparency, and innovation into Payment Institutions. This new legislation brings major transformations to the banking sector allowing any entity to have access to a payment or a demand deposit account as long as its authorized by the account holder, without any intermediation from the banks.
Under the PSD2, banks must allow access to their payment services to other companies, known as Third Party Providers (TPPs) for payment services. After being given permission by the account holder, TPPs will be able to submit payment orders and to transfer funds on behalf of their clients.

The impact of this directive may be as far-reaching as what happened in the past to the hospitality (AirBnB, TripAdvisor, Booking), and transportation industries (eDreams, Skyscanner, Low Costs, Uber).

In the future banks will no longer be allowed to charge payment initiation services, meaning a set of revenue sources for the banks will disappear. Also, clients will be able to perform most of their financial transactions through an intermediary, thus creating immense challenges for banks maintain close relationships with their clients. Under this directive will benefit from the increase in competition and from innovative and more specialized services. PSD2 also aims to create consistency between payment forms such as online and mobile payments.

This EU Directive for Payment Services allows banks to develop new services, namely payment initiation services (PIS) and account information services (AIS).

This results in potential new sources of revenue by allowing banks to charge a service fee for these services, creating a whole new income stream. In both cases (PIS and AIS), client consent is mandatory, as well as prior certification both by individuals and organizations providing such services.
In practice, some delay in the emergence and spread of TPP is to be expected. This is due to a set of regulatory systems, either accessory or in direct connection, such as the RTS (Regulatory Technical Standards), which came into effect at the end of 2018.

Infosistema has established a strategic partnership, with PaymentComponents Ltd, for the Iberia region, to present a robust solution to address the main concerns regarding PSD2.

Payment Components
Together we power modern Platform Banking Services with a set of payment and account reporting APIs, delivered in a complete API Framework.


Webinars PSD2

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What you should know

  • The PSD2 came into effect in 2016 and must be transposed into national law by early 2018.
  • The PSD2 will create opportunities for new business models.
  • The RTS, the most important accessory component, must be transposed into national law by the end of 2018.

PSD2 main key-changes:

  • The emergence of new payment services and service providers.
  • Market integration and efficiency.
  • Increase in consumer rights protection.
  • Safety and security.

Definition of information systems strategy and service architecture

SW accelerator for the control, disclosure, and management of APIs and access

A reduction in time-to-market for PSD2 initiatives

Core systems integration

Full process cycle management; from APIs publication to FinTech connection and client use


Our Platform Banking solution was made for banks, to cover PSD2 and BaaP needs, and handle ALL legacy SWIFT MTs or new generation ISO20022 messages, in a unified, modern and elegant way!

These solutions allow you to:

    A complete set of ready APIs to use immediately (PSD2 APIs & SEPA APIs);
  • The Flexible Connectivity Layer of our API Management System connects to existing core systems;
  • Easily add your custom APIs to facilitate your digital projects;
  • Everything you need to run internal or public bank APIs that are PSD2 compliant.

    API Store to administer multiple exposed PSD2 APIs;
  • Granular Management to quickly and easily control Roles and Permissions of users;
  • Register Client Apps to safeguard bank APIs access;
  • Real-time Usage Logging for detailed Auditing and Reporting.

    API Developer's Portal with complete documentation and code examples;
  • Streamlined Registration process, fully integrated with API Management Module;
  • Sandbox environment facilitates agile development and minimal support;
  • Customizable UI allows seamless integration with your website.


aplonAPI ™ API Management Framework – a complete, PSD2 compliant API solution, enabling the agile deployment of BaaP andBaaS services. aplonAPI enables Financial Institutions to rapidly build, manage, and distribute APIs and comes with PSD2 support out of the box.


aplonCASH ™ Treasury Management System (TMS) - a highly efficient and cost effective treasury system for corporate payments initiation that provides an automated electronic payments solution which can be easily integrated with existing corporate systems.