The eWise Aegis platform gives you the tools to connect to all of your users' bank accounts simply and is designed to be fully compliant with PSD2 regulatory requirements. Think of Aegis as your hub for financial data aggregation that can be quickly integrated within your existing infrastructure.
Considering the scope of PSD2 XS2A and its projected implementation timetable along with its specification principles, it is apparent that XS2A only offers access to payment accounts, namely the end-users basic current account and credit card.
With the average consumer and small business customer possessing a broad range of financial services products including current accounts, credit cards, personal loans, leases, insurance, ISAs and various other investment and credit accounts, the scope of PSD2 XS2A initiative might leave some of us feeling underwhelmed when it comes to providing end-users with innovative, convenient and value-added services driven by a truly comprehensive picture of their financial relationships.
Retail Banker International wondered what 2017 will bring banking, and asked industry experts for their view. eWise CEO, David Hamilton, highlighted the duplicated aggregation offers of Open Banking, PSD2 and The Competition and Markets Authority remedies, and suggests 2017 will bring more questions than answers for third-party processors.