Remove the technical barriers

Lay the foundations for Open Banking. Efficiently. Bypass the growing pains; embrace the value.

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Lay the foundations for Open Banking. Efficiently. Bypass the growing pains; embrace the value.

compliance_solutions_remove_barriers_rubiks
compliance_solutions_remove_barriers_rubiks
CEDR

CEDR provides Luxembourg’s banks with the most efficient path to Central Electronic Data Retrieval System compliance. Remove the complexity.

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PSD2 XS2A

LUXHUB XS2A consists in a complete technical solution helping ASPSP in the compliance with the Regulatory Technical Standards of the second payment directive (PSD2).

Compliance in Open Banking

More than just XS2A

The fundamental compliance issue related to Open Banking relates to the imposed sharing of data and payment initiation capabilities with trusted third-party providers (TPPs), solved using XS2A (access to accounts) APIs.

Beyond this, however, compliance has a much greater role to play in the shifting regulatory landscape, with AML and KYC also key areas of focus for financial institutions.

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XS2A

Initial step to PSD2 compliance

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AML

Imposed AML processes, including CEDR

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KYC

Imposed & added-value KYC processes

Complete technical PSD2 compliance

Entering the world of Open Banking

The XS2A API consists in a complete technical solution helping ASPSP in the compliance with the Regulatory Technical Standards of the second payment directive.

LUXHUB has developed a complete service offering, ranging from the management of the mandatory TPP Helpdesk and onboarding, to the possibility to exploit monetizable APIs in the near future.

DISCOVER OUR XS2A SOLUTION

Automated & continuous access

Secure & efficient CEDR compliance

CEDR provides Luxembourg’s banks with the most efficient path to Central Electronic Data Retrieval System compliance. Remove the complexity.

DISCOVER OUR CEDR SOLUTION