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Tavas – PSD2 Product Suite & Solutions

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open banking platform

Open Banking

Tavas – Open Banking Product Suite and Solutions

Tavas – Open Banking Product Suite and Solutions

Transform to open banking creating a consumer-centric digital payment revolution with our fully compliant Open Banking (PSD2) solution.

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open banking platform

With well-diversified compelling use cases,
Enables you to extend beyond the scope of monetisation to
re-engineer the bank’s portfolio and business model.

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Highly Secure & Safe

A cloud-based SaaS solution that empowers the banks to be both open and secure when engaging with third-party providers requesting access to customer accounts/data to initiate payments.

Secure access to TPPs for consumer-permissioned data
Customisable Open PSD2 APIs

Customisable Open APIs

Our solution enables the banks to manage the business process by offering dedicated Open Banking API services through a full-stack PSD2 solution. 

End-to-end robust Open Banking API management platform.

Cutting Edge Technology

State-of-the-art Open Banking APIs for Account Information Services (AIS), Payment Initiation Services (PIS) and Confirmation of Funds (COF) services. 

End-to-end robust Open Banking API management platform.
Fully compliant solution for your authentication needs

Fully Compliant

Fully comply with Regulatory Technical Standards by enabling Strong Customer Authentication (SCA) for accessing the customer financial accounts.  

Securing APIs in Banking with OAuth & OpenID frameworks

Secure Access to PSD2 APIs

Authentication and authorisation of the Open APIs access through the dedicated Identity server that adheres to OAuth 2.0 and OIDC Protocols.

Securing APIs in Banking with OAuth & OpenID frameworks
Developer-friendly with powerful Open Banking Sandbox

Seamless TPP Onboarding

Dedicated developer portal for seamless TPP onboarding with Sandbox environment servicing the Third Party Providers with full security policy enforcements.

 

Think beyond open banking

Unlock New Business Possibilities with 40+ well-diversified Open Banking use cases

Accelerate into new market space by leveraging the benefits of Open Banking with a cloud-based tried and tested mature Open Banking (PSD2) compliant solution Tavas. 

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Implement the right combination of Open Banking APIs and technologies leveraging from the existing Open Banking ecosystem to achieve the desired business results.

ADDITIONAL FEATURES

What makes Tavas the best fit?

Macro Global’s Open Banking (PSD2) solution empowers the bank to build a connected experience and provides the flexibility to adapt to the emerging opportunities to position themselves in the new era of consumer-centric banking.

Our Open Banking (PSD2) solution fully adopts Open Banking conformance test suite standards and is compliant with UK Open Banking Specification (Version 3.1 onwards) facilitating the banks to get exempted from having a contingency mechanism to their dedicated API interface.

Easy Open Banking API Integration

Expose all the possible mandatory, conditional and optional Open APIs.

Plug-and-play technology for businesses of all sizes

High Scalability, compatible with multi-entity & business areas.

Plug-and-play technology for businesses of all sizes

Certified Financial-grade APIs (FAPI).

Comprehensive dashboard for real time Business Analytics

MIS Dashboard with Data Analytics to manage TPPs, PSU Consent & Reporting.

Data-driven Open Banking Ecosystem

Vital Data-quality controls and integrity checks with fully customisable reports. ​

Identity & Access Management (IAM) with OAuth 2.0 and OpenID Connect standard protocol

Identity & Access Management (IAM) with OAuth 2.0 and OpenID Connect standard protocol.

Flexible Open Banking API On-cloud or On-Premises

Flexibility to choose Cloud or On-premises infrastructure for API Bridge hosting environment.

Incident management & reporting, fail point notification & recovery and log management

Incident management & reporting, fail point notification & recovery and log management.

Secure user management to reduce costs, minimise risks

Advanced roles and security administration, reduced implementation & maintenance costs.

Improved Interoperability

Ensures compliance with strict regulations to achieve interoperability and stay in control of the endlessly changing payments ecosystem.

FinTech innovators & open banking pioneer keeping up with the latest

Complete assistance and support from MG’s Subject Matter Experts on the PSD2 Regulatory Technical Standards (RTS) and implementation.

Enhanced Customer Experience

Improved and advanced end-user experience. Increased trust & loyalty with the payment service users.           

Our solution provides a robust data flow serving the Open Banking security conformance and accelerating an array of features for secure deployment of open APIs compliant with OBIE API Specifications.

The Best fit features of our

Open Banking (PSD2) Administration Portal – The Standout Features

The self-serving web-based MIS administration portal delivers exclusive information for the bank to track, monitor and manage TPP Onboarding, Transaction Status, Consent management, etc   

Comprehensive dashboard to manage the payment and account consent management visualizing the metrics

Dashboard

A comprehensive dashboard to manage the payment and account consent management visualising the metrics and KPIs like Onboarded TPPs, Transactions and TPP registration requests.

Dedicated interface for TPP Management

TPP Management

Caters the list of TPP’s onboarded and allows the bank user to Approve or Reject the Third Party Providers registration requests. 

Dedicated interface for TPP Management
Solid consent management workflows & dashboards

Consent Management

Manage Information on the Account, Payment & COF consents and provides the option for the bank user to either Authorise, Revoke or Reject the consent obtained from the PSUs.  

Monitor and Improve API Performance in real-time

API Health Check

Centralised, real-time monitoring of the PSD2 API health status to stay ahead of failures or major issues.

Monitor and Improve API Performance in real-time
Tavas Open Banking API platform promises regulatory compliance, data standards & governance

Regulatory Reporting

Rep20 reports, Reports on Payment Transactions, AIS / PIS Denials, Operational incidence and additional 20+ comprehensive MIS reports.

Eliminate vulnerabilities & Protect Customer Data

User Controller

Platform to grant/revoke access for the specified users to the different modules of the application.

Eliminate vulnerabilities & Protect Customer Data
FAST AND SAFE Platform

Hosted in Microsoft Azure Cloud

Our SaaS-based Tavas, PSD2 Solution is hosted on Microsoft Azure Private Cloud, the strongest security platform which features Microsoft Enterprise-Grade Security, Robust 256-bits Encryption, Malware Protection, SAS, EIT, EAR, NLC, Physical and Web App Level Firewall, Secure Customer Authentication and much more.

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Our Unique Competitive Advantages

Macro Global’s Open Banking (PSD2) solution establishes a framework of trust with banks & TPPs, enables them to better align with Open Banking (PSD2) regulations providing secure and strong customer authentication

Scalable and Flexible SaaS Solution
Scalable and Flexible SaaS Solution
Banking system-agnostic suite with pre-built APIs that are ready to be implemented.
Seamless Change Management
Seamless Change Management
We closely monitor and implement the changes that impact the PSD2 Regulatory environment consistently to ensure future proof and be ahead of the curve with industry peers.
Reliable
Reliable
Safe and Intuitive end-user experience and increased trust and loyalty within the payment services.
Adaptable
Adaptable
Suitable to any business – from small/medium Financial Institutions to large financial groups and service providers.
TPP Onboarding and Validation
TPP Onboarding and Validation
Frictionless, Automated TPP onboarding, validation, and identity management.
Effective Identity and Access Management
Effective Identity and Access Management
Dedicated Identity Server adheres to OAuth 2.0 and OIDC Protocol for authentication and authorisation of TPP.
Developer Portal
Developer Portal
A fully functional, self-service developer portal with an integrated sandbox environment facilitating the TPPs to seamlessly test and integrate with ASPSPs.
Strong Encryption Mechanism
Strong Encryption Mechanism
Secured against database breaches, DDoS and man-in-the-middle attacks.
Ensures Safe Transactions
Ensures Safe Transactions
Protection from payment incidents and reduce fraudulent rates and unauthorised payment scenarios.
API Sandbox & Developer Portal
API Sandbox & Developer Portal
Integrated developer portal and API sandbox to enable third-party provider (TPP) to build and develop Open APIs.

Why Banks in UK / Europe choose Tavas – Open Banking Product Suite and Solutions?

Empower financial institutions to protect their brand, reputation and business from fraud and financial risk and secure the payment service user data by enabling multi-factor authentication

Integrated developer portal and Open API sandbox to enable third party provider (TPP) to build and develop Open Banking APIs.

Authentication and authorisation of the API access through the dedicated Identity server that adheres to OAuth 2.0 and OIDC Protocols.

Cloud-based architecture for scalability and availability (24/7) and reduce the risk of fraudulent actions.

Ensures compliance with strict regulations to achieve interoperability and stay in control of the endlessly changing payments ecosystem.

Resilient service to handle massive account and payment requests and ensure the integrity and validity of every transaction.

MG’s security APIs protect the banks’ traffic from unauthorised access and ensure only authenticated access requests are processed.

Enable users to securely initiate payments and transfers from the financial account directly from banks mobile app or internet banking website.

Protects the banks from fraud and financial risk and secure the payment service user data by enabling multi-factor authentication.

Our Knowledge Base Resources

E-BOOK

Impactful Use Cases of Open Banking

Check out the E-Book >

E-BOOK

The Future of Open Banking: Exploring PSD3 and Its Implications for Banks & FIs

Check out the E-Book >

WHITEPAPER

Open Banking: A Strategic Change to Banks - The Playoffs

Check out the Whitepaper >

CASE STUDY

Enhancing Customer Experience with App-to-App Authentication

Check out the Case Study >

CASE STUDY

Fallback Solution – Modified Customer Interface

Check out the Case Study >

CASE STUDY

Protecting APIs Against Security Threats

Check out the Case Study >

BUSINESS CASE

Right Authentication Method for Financial Service Provider

Check out the Business Case >

WHITEPAPER

Transformation to Open Banking - An Adaptive Solution

Check out the Whitepaper >

BUSINESS CASE

Macro Global's Stakes on achieving Open Banking Compliance

Check out the Business Case >

Banks & financial institutions across the world are building their digital transformation journey through our platforms

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Tavas - Open Banking Product Suite and Solutions

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Macro Global (MG) is the trading name of Macro Infotech Limited, Inca Infotech Ltd & Macro Technology Solutions Pvt Ltd. Macro Infotech Limited & Inca Infotech Limited have Registered Office at 25, Cabot Square, Canary Wharf, London – E14 4QZ and these companies are registered in England & Wales under the registration number 06477763 & 04017901.

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