Eurobank Private Bank Luxembourg embraces Open Banking
In light of the European Payment Services Directive (PSD2), Eurobank Private Bank Luxembourg makes its API platform available to licensed and regulated Third Party Providers (TPPs).
Eurobank Private Bank Luxembourg invites TPPs that are willing to test the API and to provide feedback to the Bank as it aims to fulfill both regulatory obligations as well as Eurobank Private Bank Luxembourg’s quality standards.
For its clients, the release of Eurobank Private Bank Luxembourg’s API is a major step towards an innovative, seamless and more secure way of banking. All clients with access to online payment accounts are offered the choice to consult account information and to initiate payment transactions from the interface of their choice, such as e-banking applications of other banks or of account aggregators.
To protect its clients’ personal data and access credentials, Eurobank Private Bank Luxembourg ensures more secure account information access and payment transactions, based on an enhanced Strong Customer Authentication (SCA) procedure, involving physical token cards as well as a dedicated authentication app.
The European Payment Services Directive aims to increase customer protection and security of payments as well as account information access. Additionally, it is the first step to a harmonized way of banking throughout Europe and involving banks as well as upcoming players.
Eurobank Private Bank Luxembourg
Our bank in Luxembourg, with more than thirty years in operation, focuses on private banking, investment fund services as well as selected corporate banking services. Our comprehensive offering extends beyond traditional wealth management to wealth structuring, alternative investment strategies, and financing of various types of assets, from securities and funds to real estate. Recognizing that our clients have diverse needs and aspirations, we take a highly personalized approach in developing individual solutions and fostering long lasting relationships of trust.