PSD2 Active Engine
To be active in fintech, today, new revenue opportunities and new competitive levers are needed. Fabrick offers them to you by proposing innovative business and collaboration models that, thanks to the PSD2 directive, enable services and products aimed at improving the financial management of companies and users.
What is this product?
A set of APIs that allows you to easily access the accounts of all banks by initializing payments to all Italian banks, in the future also to European banks.
SIMPLE
Fabrick’s solution is easy to integrate, requires no on-premise installations and is as-a-service. It is a turnkey service.
SCALABLE
The modularity of the solution allows you to easily scale and deal with change in a progressive way, thanks to the use of REST APIs for data packet transmission.
Key acronyms
Find out how it works
If you are interested in understanding how our solution works, you have a chance to see it come into action.
Use cases
Works for both payments and access to accounts
Allows PPTs to generate apps to access accounts on third-party banks as an affiliate tool for their clients and then offer their products.
Allows you to obtain an accurate risk profile of those who apply for a mortgage, analyzing buying behaviour and possible unpaid loans.
Provides by default an enrichment of the account flow causation for both private and business customers.
Works independently of card circuits
Allows the bank to offer the possibility of obtaining payments directly to its own account, disintermediating the traditional payment circuits.
Offers advantages in terms of cost and financial reconciliation to both the bank and the merchant
Allows you to suggest a certain type of account or investment to the client, based on multi-account analysis
Allows you to categorize the expenses of a specific cluster of users and propose pricing and competition information to your corporate client.
Allows companies to move money between the different accounts used to manage their operations
Enables the bank to analyze the company’s cash flows on the various accounts, optimizing their management
Allows TTP to request payment of a specific amount from another account
Thanks to in-depth analysis, it prevents potential unpaid claims and requires payment from a specific account that has a sufficient credit balance.
It also facilitates debt recovery procedures
The PSD2 Active Engine transforms and boosts PFM tools
Data visualization, which has always been important, becomes exponentially more powerful with PSD2 and allows for budget analysis to enhance and expand services to users.
illimity, an exemplary case
It’s the perfect declination of the “open” philosophy promoted by Fabrick that has been chosen by illimity to take full advantage of the opportunities of PSD2 and offer its unique advantages
We made it suitable for your developers
Open banking has huge potential in terms of creating new digital and personalized banking services, both for retail and corporate customers. For developers there is a wide range of opportunities to build new business.