OBLY (OpenBanking-ly) is our Payment Services Directive (PSD2) Compliance product built to Regulatory Technical Standards. OBLY is built on enterprise grade technical design which incorporates our experience and learnings based on working with Competition and Markets Authority (CMA9) UK banks since 2016 for their Open Banking Programmes. OBLY is not just a point PSD2 solution, its scalable enterprise solution for API Programs with a substantial focus on customer identity, authentication & security.
As per PSD2 directive, Sandbox is required to be fully available and compliant by 14th Mar 2019. As the deadlines are firm and tight along with the limited number of vendors and subject matter experts in the market is putting Banks under immense pressure. Banfico built OBLY, which can be readily deployed as standalone Sandbox on Cloud as its bundled with Mock Bank. It could be easily extended to meet full implementation requirements.
Our cutting-edge technology product can fast track your PSD2 programme and mitigate delivery risks associated with typical regulatory projects. OBLY includes custom components and commercially off the shelf (COTS) products integrated securely. These COTS products are globally adopted and already used in various UK banks.