What's a typical timeframe for delivering a PSD2 compliant Open Banking interface?
The time taken is dependent on:<br/><br/>
1) the build vs. buy business case;<br/><br/>
2) the technical capabilities, capacity and experience of your dev team, comms, security, fraud and ops teams;<br/><br/>
3) access to SME knowledge (contact us) to interpret legislation that is expansive and deliberately left technically vague;<br/><br/>
4) your existing business model and the extent to which you wish to adopt Strong Customer Authentication (<a href="/glossarycollection/strong-customer-authentication" style="color:#48277C;" target="_blank" title="Strong Customer Authentication"><u>SCA</u></a>) regulations such as Transaction Risk Analysis (<a href="/glossarycollection/transaction-risk-analysis" style="color:#48277C;" target="_blank" title="Transaction Risk Analysis"><u>TRA</u></a>).<br/><br/>
For an integration of a third-party SaaS product, 3-6 months is definitely achievable for a smaller organisation with clear direction and strategy. An internal build could take anywhere from 9 months to 2 years depending in the size and digital capability of the organisation.