LUXHUB, the European Open Banking API Platform service provider, announce today that Fortuna Banque has chosen its platform to; as a first and immediate step; comply with the PSD2 Directive/Standards. Fortuna Bank’s choice, will enforce the bank in maximizing the opportunities related to the new Open Banking economy.
LUXHUB together with TEMENOS will allow Fortuna Banque to expose the mandatory APIs in time (223 calendar days left at this stage) and help Fortuna Banque to make use of the “Fall Back Solution” exemption as defined in the PSD2-RTS. Moreover Fortuna Banque will be ready to begin discussions with external partners to build supplemental services towards its customers.
Mike Felten, Director, Fortuna Banque commented : “Investing in the digital transformation is crucial to create added value and enrich our customers experience. LUXHUB platform and services coupled with TEMENOS core banking solution will enable Fortuna Banque to easily comply with the PSD2 directive but moreover allow us to take advantage of the New Open Banking economy which will arise in a near future. Another key factor to have chosen LUXHUB as service provider is the very competitive total cost of ownership of the proposed solution by a one stop shop European key player of the API economy which will clearly mitigate risks for Fortuna Banque.”
Jacques Pütz, CEO, LUXHUB, added: “We’re very excited and proud to welcome Fortuna Banque in our fast growing ecosystem. This is emphasizing the fact that LUXHUB is independent; flexible and is ready to on-board all range of financial institutions. This is the confirmation that LUXHUB is naturally positioning itself from its inception as a key player to drive the European Open Banking Economy.”
Steen Jensen, Managing Director – Europe, Temenos, said: “We are excited by this opportunity to work with Fortuna Banque to implement the Temenos PSD2 solution and to maximise the Open Banking market opportunities which they have, building on their decision to use Temenos T24 Core Banking and Digital Channels solutions. PSD2 is placing new demands on the underlying technology infrastructures of incumbent banks and Temenos provides a fully integrated front-to-back API-based architecture that addresses the technology challenges of PSD2 and open banking.”
Press release by LUXHUB