IN A NUTSHELL
Seamless integration of 200+ APIs
Compliance with PSD2 regulation across 16 EU states
Enhanced customer rating from 2/10 to 9/10
About Client
The client is a multinational payment card services corporation, headquartered in New York, offering a range of payment transaction processing and other payment-related services throughout the world.
33,000+
EMPLOYEESUSA
LOCATIONFinancial Services
INDUSTRYWhat Was the Challenge
The client was struggling with the EU’s tightening regulations on banks and needed to innovate its payment systems via Open Banking technology. To do this, the client needed over 200 APIs to ensure seamless EU integration. The project also involved adhering to the PSD2 EU directives, which emphasize customer consent, data security, and secure authentication.
How We Solved the Problem
Ciklum developed a Payment Gateway, integrating over 200 APIs to ensure seamless connectivity across multiple countries. The initiatives also included compliance assurance and the integration of disparate elements into a unified open banking platform.
The Results
Seamless integration of 200+ APIs
Compliance with PSD2 regulation across 16 EU states
Enhanced customer rating from 2/10 to 9/10
Ensured a 99.8% service uptime
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