Objective

The Directive 2015/2366/EU, known as PSD2  aims to define a common legal framework for the payment market in the European economic area in order to expand the level of integration and efficiency in the market and increase the protection level of consumers.

The introduction of the Directive involves substantial investment in technical adjustments in line with the requirements imposed by PSD2. The Account Servicing Payment Service Providers (ASPSP)  in fact need to create technical interfaces to communicate with Third Parties (TPP)  and to manage payment and information operations initialised by users through such parties. This Directive will also introduce important business opportunities in the payment market, exploitable by the PSPs by offering new services to their customers.

In order to support the Institutes in adopting the PSD2, CBI  provide the CBI Globe - Global Open Banking Ecosystem  service: a cooperative solution capable of simplifying the communication between TPPs and ASPSPs, minimising the technical and operational impacts and investments arising from adaptation to the new legislation. This also allow for the improvement of services directed to customers and for the creation of new ones, taking advantage of the business opportunities provided by the PSD2.

CBI Globe ensures many benefits to PSPs, allowing them to communicate with the TPPs through a safe and reliable solution where the "shared services" will be centralised and not borne by the individual ASPSPs (i.e. TPP recognition, activity monitoring, help desk, solution and documentation technical update, and more).