SDK.finance Role Amid PSD2 & Open Banking Environment

SDK.finance an European software FinTech vendor reveals the strategic options of partnering with banks over the course of PSD2 implementation. Alex Malyshev, CEO of SDK.finance encourages banks to put customer as the focal point of their PSD2 strategy.

“We are currently showing a number of European banks possible ways to generate value for their customers amid the PSD2 & Open Banking environment.  And it is pretty interesting that the majority of banks are still viewing PSD2 as the threat rather than a catalyst for changes. And our task is to change that misperception. The pure threat is the lack of actions and viewing PSD2 as a compliance exercise. What they need is the shift of the focus onto the customer. Simply following the PSD2 requirements will not automatically secure the new revenue streams or put the bank in one league with Tech giants and FinTech startups which have already earned customer’s trust. It is time to think big and take actions”.

SDK.finance offers three options of strategical partnership acting as:

• Banking API provider

• API aggregator
• API app store

The first option enables banks to innovate at pace and create compelling banking products and services. The second grants the ability to aggregate multiple APIs in one place. And last but not the least SDK.finance offers an opportunity to create a new ecosystem consisting of mutually beneficial partnerships between the bank and third party providers. SDK.finance solution is fully compliant with PSD2 requirements.