TPP Verification is a solution designed for banks and Electronic Money Institutions (EMIs), also known as Account Servicing Payment Service Providers (ASPSPs), to comply with PSD2 regulations. It provides a mechanism to identify and verify the regulatory status of Third-Party Providers (TPPs) before granting them access to customer data via APIs. The service checks the PSD2 role (AIS/PIS/PIIS), validates the eIDAS or OB certificate issuer against a valid Qualified Trust Service Provider (QTSP), confirms passporting permissions, and ensures the certificate has not been revoked. This comprehensive verification process helps prevent fraudulent activity and ensures that only authorized and trusted entities can access sensitive financial information. TPP Verification can be integrated as a standalone component or as part of the broader Salt Edge Open Banking Compliance Solution, offering a cost-effective and reliable approach to meeting strict open banking and Strong Customer Authentication (SCA) requirements with minimal technical effort from the ASPSP.

Features & Benefits

• Comprehensive TPP Checks: Verifies PSD2 role, QTSP validity, passporting permissions, and certificate revocation status.
• Enhanced Security & Compliance: Ensures only authorized TPPs access customer data, preventing fraud and meeting PSD2/Open Banking mandates.
• Integrated Solution Option: Available as a component of the Salt Edge Open Banking Compliance Solution for a complete compliance package.
• Dashboard & Monitoring: Provides a dashboard for monitoring verification speed, volume, managing roles, and creating support tickets.
• Data Security & Privacy: Salt Edge does not process TPP request details, ensuring customer data remains private.
• Channel Compatibility: Usable for both API and MCI channels, adhering to open banking requirements.
• High Security Standards: Built with ISO 27001 certification and AISP license, adhering to international security standards.
• Fast & Easy Integration: A ready-to-use SaaS solution that is agile and easily integrated, with Salt Edge handling maintenance and updates.