MAINSYS announces the launch of FRONTeO PSD2

03/10/2017

 

Thanks to its know-how in omni-channel distribution solutions, MAINSYS uses its FRONTeO platform to offer a solution that perfectly complies with the PSD2 directive.

As a continuation of the services already present in the other products of the FRONTeO range, Banks can now have a highly secure solution to provide third parties with information on customer accounts and to make payments from external applications.

High-level expertise to assist banks in their project to implement the PSD2 directive

The security requirement, real time for payment services and account data, needs to adapt or even completely rethink the IS and therefore the internal processes. This investment may be substantial depending on the type of IS in place.

The challenges surrounding the implementation of this new regulation therefore call for the expertise of multi-specialist consultants:

  • Multi-vendor subscriptions (TPP)
  • Real-time process management for payments
  • Interfacing with the back-offices without questioning the existing
  • Audit, monitoring and reporting of all transactions from TPP

Pierre-Philippe BASTIN, Head of Architecture of MAINSYS, explains:

Our ability to control all the business and technology components required in the context of PSD2 is a decisive asset in limiting the cost and timeframe of such a project for the Bank. Our consultants can intervene as from now for advisory missions targeted on this new issue.

FRONTeO PSD2, a complete and secure solution built on an efficient architecture

By understanding the challenges of each new regulation, we develop our solution in consultation with our customers for a response adapted to the whole market.

FRONTeO PSD2 brings together all the features required to provide a complete and secure response.

We rely on the new architecture of FRONTeO to reinforce our expertise and know-how in front-office banking and meet the new needs of European banks and service providers (TPP). FRONTeO PSD2 fits perfectly in our approach to offer a global omni-channel suite.

says Pierre LEMAIRE, CEO of MAINSYS.

Security is now considered a critical element of trust with customers and partners. This is why FRONTeO PSD2 is built around components that ensure availability and security at the highest level and in line with market standards.

A foundation for anticipating strategic and regulatory developments

The digital revolution and regulation are transforming financial activity in depth: new services based on usage, explosion of information exchange, optimization of processes ... The PSD2 directive imposes new technical and functional constraints on banks.

FRONTeO PSD2 ensures a quick and cost-effective implementation while guaranteeing constant monitoring of the evolution of the standard.

In the event that the Bank chooses an offensive strategy and wishes to deploy new services based on PSD2 exchanges, FRONTeO PSD2 offers the functionalities dedicated to TPPs for the integration of account information and payment services from other banks. The Bank thus has a unique foundation to develop new services in-house or with the help of Fintechs partners.

»» More information about Fronteo PSD2