Elevator Pitch
In the context of the entry into force of PSD2, Banque et Caisse d’Épargne de l’État, BGL BNP Paribas, POST Luxembourg and Banque Raiffeisen joined forces to create the new company LUXHUB. LUXHUB will host and will operate a common API platform providing Account Servicing Payment Service Providers with PSD2 compliance services. LUXHUB facilitates Banks to be involved in the new API Economy. According to PSD2, Account Servicing Payment Service Providers have to become technical service suppliers for Third-Party Providers: LUXHUB will assume this role for banks.
Problem Solved
PSD2 Compliance
Solution / Technology
We Connect You: A bridge between Fintech and traditional banking. PSD2 compliant SaaS solution implementing multiple standards (STET, Berlin Group), developer sandbox,etc… Our technology – SaaS no point of failure solution running in Tier 4 redundant datacentres on state of the art security and high-availability components. The platform is using Axway solutions for API publishing, the de-facto standard on the market.
Competitive
- Sharing of Compliance costs
- Our expertise in connectivity and standard interfaces
- Hosting and operational management of the entire platform’s hardware & infrastructure
Market Size
All EU established banks providing online payments to their clients
Relevant Links
https://www.luxhub.lu
