Ponto, Isabel 6 and Seven are ready for PSD2
We are happy to announce that on September 3 our B2B multibanking solution Isabel 6 and its new version Seven were granted a license for account information and payment initiation services by the National Bank of Belgium.
This makes it our second product, after Ponto which was granted a license in February, to receive an official mandate to handle financial business data.
Jean de Crane, CEO Isabel Group: “Receiving this license is an acknowledgement of our expertise in managing B2B payments, documents and identities. Although we have been offering a wide array of manual and automated bank connectivity options to clients for the 25 years prior to PSD2 coming into effect, we are expanding the scope, feature-functionality and bank reach of our multibanking solutions in the PSD2 era, to help our clients become more productive with financial data.”
“This PSD2 license will also enable the further development of value-added services for SMEs, corporates and accounting firms and supports the continued expansion of our bank reach to 50 European banks by the of 2020.”
Why an NBB license after 25 years?
The new European PSD2 regulation that comes into effect September 14, opens up access to current accounts of personal and business banking clients. For a company to access these sensitive and confidential data following consent of the account holder, it needs to be licensed by the national bank of the country it operates from.
Isabel Group filed for a license to access account information and to initiate payments for two of its products, Ponto and Isabel 6, in order to expand bank reach and develop a more diverse solutions portfolio for accounting firms, banks and companies.
Isabel multibanking: facts and figures
- °1995 by the 8 Belgian banks;
- Isabel 6 processes 7 billion euros every business day;
- 50 000 multibanking users log on every business day;
- 30 000 companies work with Isabel 6;
- This fall, the new version Seven is launched which offers a brand new user interface;