FinTecSystems leverages Alyne for PSD2 License

FinTecSystems are leveraging Alyne’s Software as a Service to prepare for their license under the new Payment Service Directive (PSD2). FinTecSystems' Legal and Compliance team is taking advantage of the out of the box content to document and improve practices in key areas such as Operational Risk Management, Cyber Security Management, Business Continuity Management and Data Protection.

“Alyne enables us to hit the ground running and focus on really improving our capabilities, rather than writing policy documents and creating endless spreadsheets” says FinTecSystems' General Counsel Alex Berstein. With its product suite accourate, FinTecSytems provides fully automatic transaction analyses on the basis of online banking data. These analyses are applied by banks, financial service providers and FinTechs, among others for real-time credit assessments for online loans.    

FinTecSystems expects to realise significant cost savings in the process of preparing their license application and raise their risk management maturity across the rapidly growing FinTech company. Alyne’s Customer Success team is working closely with FinTecSystems with their focus on replicating the joint learnings in further PSD2 projects.

“We are excited to be working with such a dynamic tech company on PSD2 - one of the most disruptive new financial regulations. A great example of RegTech enabling FinTech” - Karl Viertel, CEO Alyne.

About FinTecSystems

accourate is the offer of FinTecSystems. The company that was founded in Munich in 2014 specialised in the field of fully automated financial analyses on the basis of online banking data. With its products, that can be used by bank customers in Germany, Austria and Spain, FinTecSystems supplies precise analyses on the creditworthiness of consumers from three locations.

About Alyne

Alyne provides a Software as a Service that enables organisations to set the right rules, measure current levels of compliance and manage operational risk as easy as browsing social media. With offices in Munich and London, Alyne provides services globally to industries such as Finance, Manufacturing and Government.

Karl Viertel

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