Banfico Ltd, a leading Open Banking technology solution provider to banks and fintechs, has partnered with InfoCert S.p.A, the leading Certificate Authority at the European level, to bring enhanced security solutions to its OB Directory product. The OB Directory service by Banfico is already a trusted solution used by some of the biggest financial institutions in Europe for validating open banking certificates and conducting real-time checks of Third Party Provider (TPP) regulatory status.
This partnership will allow both banks and TPPs to request and manage their open banking certificates (be it QWAC/QSealC or OBWAC/OBSealC) through the Open Banking Directory while ensuring regulatory compliance and secure data transmission during financial transactions across Europe. InfoCert’s expertise and experience in security and trust services make it an ideal partner for Banfico to expand its services and reach new markets. Along with certificate management, Banfico is also releasing ServiceDesk on its OB Directory for TPPs to seek support from the market ASPSP (banks).
Michele Guido Mario Lavizzari, Chief International Development Officer at InfoCert, said, “With this partnership, InfoCert will further increase its presence in Europe and lay the foundations to explore other markets implementing open banking and open finance frameworks.” Meanwhile, Kannan Rasappan, Banfico CEO, said, “InfoCert has a proven track record on security and trust services, along with Banfico technology, we can further enhance our offering across the world.
This strategic partnership between Banfico and InfoCert is expected to revolutionize the Open Banking ecosystem by providing a secure and efficient solution to manage open banking certificates and regulatory compliance.
About Infocert:
InfoCert is a leading company in the Italian market in the field of digitalisation and dematerialisation services and one of the main European Certification Authorities for Certified E-Mail and Digital Signature services and the digital storage of documents.
ISO 9001, 27001 and 20000 quality certifications are proof of InfoCert’s total commitment in providing services and managing security. InfoCert’s Information Security Management System is also ISO/IEC 27001:2013 certified for EA:33-35 activities.
InfoCert – a company owned 99.9% by Tecnoinvestimenti SPA – has a 35% stake in Sixtema, the technological partner in the CNA (National Association of Craft trades and SMEs) field and a 100% stake in Eco-Mind App Factory, a company specialising in digital workplace solutions.
Contact: team.infocert@bmpcomunicazione.it
About Banfico Ltd:
Banfico is a niche solution provider in Open Banking or PSD2, where strong emphasis is based on identity, authentication & consent. Banfico’s core team consists of IAM experts who have worked with major UK banks within Open Banking programmes. They are involved in various Identity & Security working groups in Open Banking and also an advisor to Berlin
Group. Banfico is engaged in digital transformation program within banks and supporting FinTechs developing products in Open Banking domain.
Contact: openbaking@banfico.com