finker PSD2 API HUB offers instant access to Account Information and Payment Initiation APIs in any bank across the EEA in compliance to Regulatory Technical Standards and secure communication under PSD2. By integrating just one API, you get access to numerous of bank connections. The platform takes care of all the technical and security challenges of the ever-changing APIs of each bank, helping you to focus on your core business.
Features include but are not limited to:
a. Data and service unification
Automated data ingestion from multiple bank apis and cleaning through transformations, schema integration and deduplication so that the end result is one unified and accurate data source.
b. Interoperable communication
Based on the Berlin Group NextGenPSD2 specification achieves a uniform secure and interoperable communication.
c. Real-time data
Access real-time data directly from banks, while having flexibility over the update schedules.
d. Security
Strong encryption and cryptography guarantee that data remains private and under ultimate control.
Technical characteristics
Data gathering & storage. finker PSD2 API HUB supports out of the box data gathering & storage of account, card and transaction information for Data Management and Business Intelligence (BI); for analyzing data and delivering actionable information. Gathering and storage of data is paramount to common functions of business intelligence including reporting, online analytical processing, analytics, data mining, complex event processing, predictive analytics etc.
High availability through caching. The api hub supports also caching: Information is retrieved in real time per subscription from the respective ASPSP If real time data retrieval fails due to technical issues on the bank side it automatically returns them from cache. Cache is updated on each data retrieval.
Monitoring. finker PSD2 API HUB collects metrics, supports out of the box logging and tracing, and uses dashboards for analyzing trends to give you greater insight to your systems and allow you to react quickly to issues as soon as symptoms appear.
High performance & security. The platform secures access ensuring callers are authenticated and requests authorized before they get through, applying transformations to ensure only the necessary information is included in the responses, and rate limiting and throttling traffic are implemented. Depending on the uptime requirements, implementation of high availability cluster of finker hubs is possible with single or multi-database implementations. As all traffic flows through the finker hub, they are the ideal vantage point for monitoring traffic and observing behavior and performance of both your systems and APIs aggregated.
Consent management. Clients can either build their own consent system to manage all the requests from the end-users, or they can rely on finker platform.
Connect widget. A widget where the User can select and connect to his/her payment accounts. Key characteristics include: a. effortless integration process, b. support for multi factor authentication flows, c. platform based error handling, d. user Interface customization and e. Mobile friendly.
