PSD2-compliant APIs, account aggregation, payment initiation services, and secure data sharing with third-party providers from Cabo Verde.
Full PSD2 compliance with XS2A APIs, Strong Customer Authentication (SCA), and dynamic data sharing consent management for EU regulatory requirements.
Multi-bank account aggregation allowing customers to view all their accounts in one place with real-time balance and transaction data from connected banks.
Payment Initiation Services (PIS) enabling third-party providers to initiate payments on behalf of customers with full consent management and security.
Third-Party Provider onboarding and management with eIDAS certificate validation, API access controls, and monitoring for regulatory compliance.
The Open Banking Module provides the API infrastructure that connects Paymart Suite to the broader financial ecosystem. Whether an institution needs to aggregate account data from other banks, initiate payments on behalf of customers, or expose its own APIs to third-party providers, this module delivers the standards-compliant, security-hardened infrastructure that modern open banking demands. PSD2 compliance is built in from the ground up, not bolted on as an afterthought.
For institutions in the Europe-Africa corridor, open banking creates both regulatory obligations and strategic opportunities. European PSD2 requirements demand account information and payment initiation APIs for regulated third-party providers. At the same time, bank connectivity and account aggregation enable institutions to offer their customers a consolidated financial view and streamlined onboarding by pulling data from other banks — reducing KYC friction and improving the customer experience.
The module includes a developer portal, sandbox environment, and API gateway that enable rapid third-party integration while maintaining security and rate limits. Consent management ensures that data sharing always follows customer authorization, with full audit trails for regulatory compliance. Whether the institution is responding to PSD2 mandates or proactively building an API ecosystem, the Open Banking Module provides the foundation.
Full PSD2 compliance including Account Information Services (AIS), Payment Initiation Services (PIS), and Confirmation of Funds (PIIS). Supports Berlin Group, Open Banking UK, and STET standards for interoperability with European banking ecosystems.
Pre-built connectors to 3,000+ European banks for account aggregation and payment initiation. Connector library is continuously maintained and updated as banks modify their APIs, ensuring reliable connectivity without custom integration work.
Consolidate account data from multiple banks into a single view. Customers see balances, transactions, and account details from all their banking relationships in one interface, creating a compelling financial management tool that increases engagement and retention.
PIS APIs enable third-party applications to initiate payments from customer accounts at other banks. This supports use cases like instant loan disbursement to external accounts, merchant payment from any bank, and subscription billing without requiring a Paymart account.
Transaction data from aggregated accounts is automatically categorized and enriched with merchant identification, location data, and spending category labels. Enriched data powers budgeting tools, credit scoring inputs, and personalized financial insights.
Full consent lifecycle management — creation, authorization, revocation, and expiry — with granular scope control per data type and time period. Every data access is logged against a specific consent, providing the complete audit trail that PSD2 and GDPR demand.
Enterprise API gateway handling authentication, rate limiting, request validation, and traffic management for all API consumers. The gateway protects backend services from overload, enforces access policies, and provides detailed API usage analytics for capacity planning.
Self-service developer portal with interactive API documentation, code samples, SDK downloads, and application registration. Third-party developers can explore APIs, test integrations in the sandbox, and apply for production access through a streamlined onboarding workflow.
Full sandbox environment mirroring production APIs with synthetic data for development and testing. Third-party developers build and test integrations without accessing real customer data or affecting production systems, accelerating time-to-integration from months to weeks.
Configurable webhook delivery for real-time event notifications — payment status changes, consent updates, account balance thresholds. Webhooks include retry logic, delivery confirmation, and dead-letter queue handling for reliable event-driven integration.
Automated verification of Third-Party Provider credentials against national competent authority registries. Only licensed and registered TPPs can access customer data, ensuring regulatory compliance and protecting customers from unauthorized data access.
Comprehensive API usage analytics including call volumes, response times, error rates, and SLA compliance per API consumer. Monitoring dashboards provide real-time visibility into API health, enabling proactive capacity management and rapid incident detection.
Pre-built PSD2 API infrastructure eliminates the 12-18 month, EUR 500K+ custom build that most institutions face. Compliance is achieved through configuration and deployment, not software development, reducing both cost and time to compliance dramatically.
Account aggregation attracts customers who want a consolidated financial view across multiple banks. Once customers use the aggregation feature, they are significantly more likely to open a primary account, creating a powerful acquisition funnel from a free service.
Account data from other banks accelerates KYC by providing verified identity and transaction history. Customers grant consent to share their bank data during onboarding, enabling faster verification and reducing the 40% dropout rate that complex KYC processes typically cause.
API access fees, premium data services, and partnership revenue from the developer ecosystem create new revenue streams. As third-party applications build on the institution's APIs, each integration drives transaction volume and platform engagement.
Complete consent audit trails, data access logs, and TPP verification records ensure audit readiness for both PSD2 supervisory reviews and GDPR data protection assessments. Institutions demonstrate compliance without manual evidence compilation.
The API gateway and backend services scale horizontally to handle growing API traffic without degradation. Whether serving 10 TPPs or 1,000, the same infrastructure delivers consistent performance and reliability.
Full OAuth2 authorization framework with OpenID Connect for authentication. Supports authorization code flow with PKCE, client credentials, and refresh token flows. SCA-integrated consent screens ensure PSD2 Strong Customer Authentication at every authorization step.
Multi-standard API support covering Berlin Group NextGenPSD2, STET French standard, and Open Banking UK specifications. The appropriate standard is applied based on the target bank, ensuring compliance with each country's regulatory implementation of PSD2.
Configurable rate limiting per API consumer, endpoint, and time window. Rate limits protect backend services from abuse while allowing legitimate high-volume usage. Dynamic rate adjustment responds to traffic patterns in real time.
Mutual TLS authentication with eIDAS-compliant QWAC and QSealC certificate validation for TPP identification. Ensures that only qualified TPPs with valid regulatory certificates can access customer data, meeting PSD2 RTS technical requirements.
Cabo Verdean diaspora customers typically maintain accounts in both Europe and Cabo Verde. Checking balances across multiple banking apps creates a fragmented experience that discourages engagement and cross-border financial planning.
A Cabo Verde institution deployed account aggregation through the Open Banking Module, connecting to 2,000+ European banks. Diaspora customers now see all their accounts — European and Cabo Verdean — in a single dashboard. Within 3 months, 15,000 customers activated aggregation, and 4,000 of them opened a primary Paymart account, generating EUR 280,000 in new deposit revenue.
A Cabo Verde EMI with European operations needed to expose PSD2-compliant APIs within 6 months to meet regulatory deadlines. Building from scratch would have required a dedicated team of 8+ developers and an estimated EUR 400K budget.
Paymart Suite Open Banking Module delivered pre-built PSD2 APIs — AIS, PIS, and PIIS endpoints — with OAuth2, SCA, and consent management already implemented. The EMI achieved regulatory compliance 4 months ahead of deadline at a fraction of the custom build cost. The compliance team passed the supervisory review with no findings.
An EMI offering consumer loans wanted to disburse funds directly to borrowers' accounts at other banks. Asking borrowers to open a new account for loan proceeds added friction and delayed the disbursement process.
Paymart Suite PIS APIs enabled loan disbursement via payment initiation to any European bank account. Borrowers provide consent during the loan acceptance flow, and the EMI initiates the payment directly to their existing bank account. Loan acceptance rates increased 20% as borrowers no longer needed to change banks to access funds.