EDINBURGH, Scotland-Wednesday, June 21st 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- 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
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