Can a regtech service for a bank cost as little as EUR 999 / month? This is the claim from the team launching a new SaaS service called “A Better Preta”. Banks under the PSD2 Directive now have a new option to have their much needed PSD2 TPP validation up and running within minutes.

 

A true niche solution for PSD2 designed to help any bank to sign off their PSD2 compliance. The service enables any bank to verify TPPs (Third-party Payment Providers) that wants to connect and tap the banks PSD2 APIs and conveniently make sure the requesting TPP certificate and authorizations are in order before admitting them access to the bank APIs.

A Better Preta is tailor made for the Payment Services Directive (EU 2015/2366, PSD2) with the Commission for Delegated Regulation (EU 2018/389, RTS Article 34) that states that banks must verify and validate incoming TPP requests before admitting access. Meaning that the service verifies that an incoming TPP certificate is compliant with the European requirements for digital certificates (eIDAS), is valid, issued by an authorized QTSP and that the TPP is authorized by a European Financial Supervisory Authority and may operate in the country.

The service is cloud-based and uses clever caching techniques to heavily minimize latency. With just a single API call that delivers an response within a few milliseconds integration of the service can’t be much easier.

What are the benefits of using your service?

  • No CFO can justify the investment required to resolve this issue internally. With our low priced cloud-based service, we are radically changing the market, says Jürgen Buchmann, Founder & CEO at A Better Company Nordics AB, the company behind A Better Preta.

Why A Better Company?

  • “A Better Company Nordics aims to bring more niche services into the financial industry in the near future, stay tuned. We do more with less!”

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Press contact:
Jürgen Buchmann, Founder & CEO of A Better Company Nordics AB,
+46 735 080 925, jurgen@abetterpreta.com

About A Better Company Nordics AB:
The company was founded in 2020 and is dedicated to bring niche products to different markets. We are a small but well experienced team of people with broad experience from the financial industry, startups, entrepreneurship and growth.