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Bricknode Broker Makes Financial Institutions PSD2 Compliant

April 11, 2017         By: Mike Dautner

Bricknode Broker prides itself as being on the first cloud based business system for financial institutions that can offer PSD2 compliance right from their own shelf.

Bricknode Broker includes an open API that financial institutions can offer their partners to use.

Securities brokerage firms are always looking for new ways to improve the value for their customers.

With the advent of PSD2 regulations financial institutions are being forced to open their systems to the world. This is not necessarily a bad thing for financial institutions according to Bricknode, but instead the opportunity should be welcomed.

Fintech innovators are being very persistent with financial institutions each day hoping to accrue users of their products. One of the main problems with this is that traditional back office solutions has not had an API and would drive prices, making it an impossible undertaking for financial institutions to get this done in their legacy system.

Bricknode Broker boasts six years on the market and are one of the first cloud based brokerage systems that has an open API where brokers and their partners can access anything from payments to stock trades and securities information. Financial institutions can open themselves up to FinTech companies and other partners for integration and offer their unique solutions to the customers of the broker or alternatively, the actual broker itself.

“Bricknode has always been an advocator of openness and we want to empower our users to do business on the Internet with total freedom to connect to others. PSD2 is a confirmation that regulators are sharing our views as well.” says Stefan Willebrand, CEO and Co-Founder of Bricknode.