Fintecture is a pioneer in payment initiation in France, recording volumes equivalent to 2% of French ecommerce in almost 3 years, on behalf of leading merchants in their sector. With its in-depth knowledge of banks' APIs and payment infrastructures, Fintecture contributed to a study carried out by independent consultancy Frame. 

While the operational transposition of PSD2 has been long and complex for banks, it has now reached a certain maturity, enabling payment initiation to be deployed as a genuine payment method. 

However, the study still highlights disparities in the quality of APIs made available by banks, whether for payment initiation (PIS) or access to bank data (AIS). It points to heterogeneous customer journeys, particularly in terms of strong authentication. The technical statuses returned by banks to the regulated players authorized to use their APIs, such as Fintecture, are also disparate, and can be of little use to merchants if not correctly interpreted. 

This is what Fintecture does for its customers, having developed strong expertise in interpreting and harmonizing this technical framework to offer a high-performance immediate transfer product based on PIS. 

"Raw" payment initiation clearly has its limitations. We have always considered it to be an essential technical building block, but insufficient to make it a true payment method for merchants," testifies Faysal Oudmine, CEO of Fintecture. "Our R&D efforts have enabled us to eliminate many of these irregularities; our solutions integrate complementary components capable of doubling the conversion rates usually seen on the market. Nevertheless, it is clear that better collaboration between banks, regulators and payment institutions will enable accelerated deployment via harmonized payer paths across Europe."