KAL Launches Open Banking Technology Ahead of Europe’s PSD2 Initiative
KAL, a world-leading provider of banking software, is delighted to announce the launch of its new open banking technology designed to help banks get ready for the upcoming Second Payment Services Directive (PSD2).
PSD2 will transform the European financial sector, establishing what is widely known as Open APIs for banking. PSD2 aims to increase competition and transparency in the European payments market, improve access to accounts and bolster internet banking security.
KAL, a trusted provider of transaction software to banking giants around the world, will supply core technology to enable banks to achieve PSD2 compliance with its secure, scalable and cost-effective open banking solution, KTH for PSD2. This is just one of several technologies due to be launched by KAL as part of its KAL-Payments initiative.
EU banks have until January 2018 to implement PSD2 APIs meaning that banks must act now to ensure they are compliant with PSD2 and can play a key role in this new banking landscape. For banks to thrive in this open market, it is vital they implement an Open API enabling third parties to access customer data securely using “SCA” (secure customer authentication).
KAL’s KTH for PSD2 product enables banks to implement that essential application program interface (API) and to provide PSD2-driven services to customers from other banks.
Steve Hensley, KAL’s Executive Vice President of Sales, said, “KAL has a long, successful history of providing highly scalable, secure transaction processing software to banks. Now banks can leverage our expertise in delivering highly complex systems within the new PSD2 landscape and achieve compliance in a timely, cost-effective way. This will help banks stay ahead of the competition and meet the regulatory mandates.”
KAL is a world-leading ATM software company and the preferred supplier to world mega-banks such as Citibank, UniCredit, ING and China Construction Bank. KAL's software gives banks full control of their ATM network, reducing costs and improving competitiveness. For more information, visit www.kal.com
EVP Global Sales
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
PATIENT-SAFETY-MOVEMENT24.2.2018 11:02 | pressemeddelelse
The 6th Annual World Patient Safety, Science & Technology Summit Kicked off with an Important Announcement about the Progress Being Made to Save Lives in Hospital Settings
CCWW24.2.2018 10:08 | pressemeddelelse
WuQi Technologies is Latest Licensee of CCww’s NB-IoT UE Protocol-Stack Software
IDEMIA23.2.2018 16:59 | pressemeddelelse
IDEMIA and Octo Telematics Reinvent Car Sharing Experience by Adding Facial Recognition to EasyOpen Solution
SM-OPTICS23.2.2018 15:02 | pressemeddelelse
SM-Optics Unveils First FLEXSET Chip, Paving the Way to Optical Micro Nodes
TX-HASHGAINS23.2.2018 14:58 | pressemeddelelse
Bitcoin Miner HashGains’ Crowdsale to Build Green Cloud Mining Data Centers Receives Excellent Response
CARDINALITY23.2.2018 14:09 | pressemeddelelse
Stratecast Recognizes CARDINALITY as a “10 to Watch in 2018”
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum