Secure & efficient CEDR compliance
Providing banks in Luxembourg with the most efficient path to Central Electronic Data Retrieval System (CEDR) compliance, in accordance with CSSF Circular 20/747. And therefore removing the complexity.
Providing banks in Luxembourg with the most efficient path to Central Electronic Data Retrieval System (CEDR) compliance, in accordance with CSSF Circular 20/747. And therefore removing the complexity.
API based retrieval system
The CSSF has imposed an API approach in its Circular 20/747 with respect to the Central Electronic Data Retrieval System.
The CSSF shall be in the capacity to access the following information in a direct, immediate and unfiltered manner:
- data relating to any customer-account holder and any person purporting to act on behalf of the customer,
- data relating to the beneficial owner of the customer-account holder,
- data pertaining to the bank account or payment account,
- and data pertaining to the safe-deposit box.
Ensure efficient compliance
Built upon the successful development and implementation of our PSD2/XS2A compliance product, CEDR finally puts Luxembourg banks one step ahead in their compliance journey.
- Utilizing proven infrastructure
- Already the trusted partner of multiple institutions
- Ability to comply with tight deadline
- Unique competitive advantage within Luxembourg’s financial ecosystem