#Video: CESOP 101
What is CESOP all about? Who’s concerned by this new European regulation and reporting? What are the biggest challenges for entities in scope? Our brand new AI assistant tells you everything you need to know about CESOP!
Need support in your CESOP compliance?
Discover our efficient reporting solution, LUXHUB CESOP.
LUXHUB CESOP will first check and pre-process input data to ensure that the needed data is comprehensive and valid.
Then, it will filter and convert the transaction data and scope into XML report files following the technical specification provided by CESOP and pre-validate these files using the official validation tool.
When supported by the NTA, our reporting engine will automatically send the reports to the NTAs and collect the corresponding feedback.
Finally, after receiving feedback from the NTA and/or CESOP system, our reporting solution will also process the returned error messages to help generate the corrected reports.
Why trust LUXHUB?
As a compliance solution and payments expert, LUXHUB is well-equipped to support Payment Service Providers in this upcoming regulatory challenge.
LUXHUB emerged in the wake of PSD2, providing an internationally recognized and efficient PSD2 XS2A solution. It also specializes in financial data aggregation and payment initiation.
Moreover, LUXHUB’s shareholders are banks located in Europe with solid foundations and a clear vision that is to shape the future of finance through digital and mutualization.