PSD2 Compliance Tools for E‑Money Institutions

Understanding PSD2. The Revised Payment Services Directive (PSD2) has reshaped the European payments landscape by introducing strong customer authentication (SCA), open banking and stricter risk controls. For e‑money institutions like TORA Wallet, compliance with PSD2 isn’t optional – it’s a core requirement to operate across the European Economic Area and under the supervision of the Bank of Greece.

The compliance burden. PSD2 requires financial institutions to implement multi‑factor authentication, monitor fraud metrics, and report incidents to regulators. In Greece, the Bank of Greece mandates additional reporting on transaction categories and suspicious activity. For small fintechs, building internal systems to meet these obligations can be expensive and time‑consuming. Manual processes are error‑prone and audit trails can be incomplete.

Our solution. Diametric Software offers a suite of Compliance Automation Tools designed for e‑money institutions and payment firms. Our platform handles:

• Automated transaction monitoring and anomaly detection with customizable risk rules.
• Built‑in SCA flows and tokenized authentication compatible with Microsoft Azure AD B2C.
• Regulatory reporting templates aligned with the European Banking Authority (EBA) and Bank of Greece guidelines.
• Real‑time dashboards for compliance officers to review alerts and file reports.
• Audit logging with immutable storage to support internal and external audits.

Benefits for TORA. By leveraging our compliance automation tools, TORA Wallet can reduce the complexity of meeting PSD2 requirements while freeing up resources to focus on customer experience. Our solution integrates seamlessly with existing payment gateways and can be configured for Greek language and Bank of Greece reporting. With our Athens Delivery & Compliance Hub opening soon, we’ll provide local support and training to ensure your teams can hit the ground running.

Looking ahead. Regulatory environments evolve constantly. We monitor updates from the EBA, the European Commission and local regulators to ensure our platform remains up to date. Whether you operate only in Greece or across the Eurozone, Diametric Software can help you stay compliant without missing a beat.

Contact us. For a demo or to discuss your specific PSD2 challenges, please reach out via our contact page. We’re here to support your compliance journey.