Jonathan Prince, Finologee’s co-founder and CSO

Swiss private banking platform New Access has announced the integration of Luxembourg-based RegTech specialist Finologee’s “PSD2 for Banks” module into its own with an aim to achieve PSD2 compliance. According to the supplier, the integration will expand New Access’ service offerings and enable it to serve its client banks in 18 countries. Finologee, in turn, will expand its international presence to cater to and help New Access in achieving PSD2 compliance.

Jonathan Prince, Finologee’s co-founder and CSO commented, “This partnership is the perfect illustration of the global trend around APIs in the Financial Industry and its advantages for banks to meeting regulatory obligations fast and efficiently. It also shows the roles and the benefits brought by the different stakeholders with New Access integrating seamlessly for its client banks and Finologee providing a proven high-quality PSD2 compliant API already used by 32 Financial Institutions in 10 different European countries.”

Established in 2017 in Luxembourg, Finologee is a RegTech specialist and provides a variety of tools that help their clients’ to enhance their customer experiences and business processes such as ID document validation, video chat, electronic signatures, access to bank accounts and other payment modules, various KYC and remediation tools, as well as storage and messaging feature.

Vitus Rotzer, New Access’ CEO said, “Our solution is designed and open to integrate added-value FinTech/RegTech tools within our business processes and workflows. We sincerely believe that the value to customers lies in the most intelligent integration possible of the best offers on the market. This is what Finologee and New Access offer today with facilitating private banks to comply PSD2 in Europe.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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