# EU/UK PI/EMI core banking selection Payment Institutions and E-Money Institutions under PSD2 Article 10, UK PSR 2017 Regulation 23, PSD3/PSR, DORA and AMLR must select core banking software that evidences ledger, safeguarding, resilience, outsourcing and audit controls. This decision graph maps 61 nodes and 100 edges across six RFP domains, 15 vendors and 21 product nodes. Corebanq recused. - Source: https://finray.tech/intelligence/eu-uk-pi-emi-core-banking/ - Cluster: Corebanq - Published: 2026-05-01 - Conflict of interest: Finray Technologies Ltd ships Corebanq. Corebanq is recused from any qualitative ranking on this page. - Publisher: Finray Technologies Ltd, Cyprus Companies Registry HE 445903 - Editorial principle: primary sources only; conflicts of interest disclosed inline --- The EU/UK PI/EMI core banking selection graph maps the decision an EEA Payment Institution, E-Money Institution, or UK PSR 2017 buyer faces when selecting core banking software: the current regulatory baseline (PSD2 + UK PSR 2017), the forward-looking overlay (Council ST 8222/26 PSD3 and ST 8221/26 PSR final compromise texts), the operational-resilience anchors (DORA + EBA outsourcing guidelines), and the AML overlay (AMLR + AMLD6) — mapped onto six RFP control domains (ledger and safeguarding, payment-rail coverage, API and SCA integration, resilience and outsourcing, audit and observability, commercial and delivery fit) and onto the named vendor products that implement those controls. The graph is vendor-neutral on every category in which Finray Technologies Ltd does not ship a product. **Corebanq is Finray's core banking product; it is recused from any ranking, scoring, or "best of" recommendation and is included as a referenced product node only.** Every product node carries its primary-source URL with an accessed-date suffix; gaps are flagged as `[evidence pending — vendor outreach required]` rather than filled by inference. Click any node or edge to inspect its evidence. The legend, top-right of the canvas, maps node colour to type. Pan with click-drag; zoom with the wheel; reset with double-click on background. --- ## Reference index ### Regulations (11) - **PSD2 — Directive (EU) 2015/2366** — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32015L2366 — Current baseline EU payment-services directive. - **PSD3 — Council ST 8222/26 final compromise text** — https://data.consilium.europa.eu/doc/document/ST-8222-2026-INIT/en/pdf — Council final compromise text for the proposed payment-services directive. - **PSR — Council ST 8221/26 final compromise text** — https://data.consilium.europa.eu/doc/document/ST-8221-2026-INIT/en/pdf — Council final compromise text for the proposed payment-services regulation. - **I-Item Note ST 8220/26 on PSD3 + PSR** — https://data.consilium.europa.eu/doc/document/ST-8220-2026-INIT/en/pdf — Council note for PSD3/PSR final compromise process. - **SCA RTS — Commission Delegated Regulation (EU) 2018/389** — https://eur-lex.europa.eu/eli/reg_del/2018/389/oj/eng — Strong customer authentication and secure communication RTS. - **DORA — Regulation (EU) 2022/2554** — https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX%3A32022R2554 — EU digital operational resilience regime. - **EBA Guidelines on outsourcing arrangements** — https://www.eba.europa.eu/sites/default/files/documents/10180/2551996/38c80601-f5d7-4855-8ba3-702423665479/EBA%20revised%20Guidelines%20on%20outsourcing%20arrangements.pdf — EBA/GL/2019/02 outsourcing guideline. - **AMLR — Regulation (EU) 2024/1624** — https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng — EU AML regulation. - **AMLD6 — Directive (EU) 2024/1640** — https://eur-lex.europa.eu/eli/dir/2024/1640/oj/eng — EU AML directive. - **MiCA Title III ART and Title IV EMT overlap** — https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX%3A32023R1114 — MiCA asset-referenced token and e-money token overlap. - **UK PSR 2017 regulation 23 safeguarding overlay** — https://www.legislation.gov.uk/uksi/2017/752/regulation/23 — UK safeguarding overlay for payment institutions. ### Standards (7) - **ISO 20022** — https://www.iso20022.org/iso-20022 — Canonical financial messaging standard. - **SEPA Instant rulebook** — https://www.europeanpaymentscouncil.eu/document-library/rulebooks/2025-sepa-instant-credit-transfer-rulebook-version-11 — EPC SEPA Instant Credit Transfer rulebook. - **SWIFT CBPR+** — https://www.swift.com/standards/iso-20022/iso-20022-financial-institutions-focus-payments-instructions — SWIFT ISO 20022 usage guidelines for cross-border payments. - **T2 / TARGET2** — https://www.ecb.europa.eu/paym/target/t2/html/index.en.html — Eurosystem RTGS service. - **SIX SIC** — https://www.six-group.com/en/products-services/banking-services/interbank-clearing.html — Swiss interbank clearing system. - **Pay.UK Faster Payment System** — https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/ — UK real-time retail payment system. - **ISO 27001** — https://www.iso.org/standard/27001 — Information security management-system standard. ### Controls (6) - **Ledger & safeguarding** — Double-entry posting, immutable corrections, segregation, reconciliation and insolvency-priority evidence. - **Payment rail coverage** — Rail-by-rail coverage: SEPA Instant, T2/TARGET2, SWIFT, SIC and FPS. - **API & SCA integration** — OpenAPI, webhooks, sandbox, SCA delegation, consent, AIS/PIS, idempotency and rate limits. - **Resilience & outsourcing** — Deployment posture, tenant isolation, ICT subcontracting, audit rights, exit rights and incident reporting. - **Audit & observability** — Event logs, evidence retention, regulator-inspection pack, data lineage and telemetry. - **Commercial & delivery fit** — Pricing basis, implementation timeline, vendor-as-software versus vendor-as-bank, partner ecosystem and exit economics. ### Vendors and products (15) - **Mambu** — https://mambu.com/en — Vendor of Mambu Cloud Banking Platform and Mambu Payments API. - Mambu Cloud Banking Platform (https://mambu.com/en/cloud-banking-platform): Composable cloud banking platform for lending, deposits and payments. - Mambu Payments API (https://docs.mambu.com/api/pages/payments-mpg/about-the-mambu-payments-api/): Payments API documentation with public deprecation/discontinuation notices for older materials. - **Tuum** — https://tuum.com/ — Vendor of Tuum Core Banking Platform. - Tuum Core Banking Platform (https://tuum.com/core-banking/): Cloud-native, modular, API-first core banking platform. - **SDK.finance** — https://sdk.finance/ — Vendor of SDK.finance Real-Time Ledger and EMI software. - SDK.finance Real-Time Ledger (https://sdk.finance/solutions/real-time-ledger-software/): Real-time ledger with APIs and webhooks. - SDK.finance EMI software (https://sdk.finance/): EMI-oriented software offering based on SDK.finance platform materials. - **Advapay** — https://advapay.eu/ — Vendor of Macrobank. - Macrobank (https://advapay.eu/core-banking-software-solution/): Digital core banking software marketed for banking and payment functions. - **Thought Machine** — https://www.thoughtmachine.net/ — Vendor of Vault Core and Vault Payments. - Vault Core (https://www.thoughtmachine.net/vault-core): Cloud-native core banking product. - Vault Payments (https://www.thoughtmachine.net/vaultpayments): Cloud-native payments processing platform. - **Temenos** — https://www.temenos.com/ — Vendor of Temenos Transact and Temenos Core Banking. - Temenos Transact (https://www.temenos.com/resource/temenos-transact-brochure/): Core banking product represented by Temenos Transact materials. - Temenos Core Banking (https://www.temenos.com/products/core-banking/): Temenos modular cloud-native core banking platform. - **Finastra** — https://www.finastra.com/ — Vendor of Fusion Essence and Essence Analytics. - Fusion Essence (https://www.finastra.com/universal-banking/solutions/essence): Finastra Essence core banking product. - Essence Analytics (https://www.finastra.com/universal-banking/solutions/essence-analytics): Analytics product for dashboards, audit trails and event publication feed. - **Intellect Design** — https://www.intellectdesign.com/ — Vendor of iGCB Core Banking and eMACH.ai. - iGCB Core Banking (https://www.igcb.com/products/core-banking/): iGCB core banking product. - eMACH.ai (https://www.igcb.com/technology/emach-ai/): Open finance technology architecture for banking products. - **10x Banking** — https://www.10xbanking.com/ — Vendor of 10x Cloud Banking Platform. - 10x Cloud Banking Platform (https://www.10xbanking.com/platform/cloud-core-banking): Cloud-native core banking platform. - **Starling Bank** — https://enginebystarling.com/ — Vendor of Engine by Starling. - Engine by Starling (https://enginebystarling.com/): Cloud-native digital banking platform. - **SaaScada Limited** — https://www.saascada.com/ — Vendor of SaaScada Core Banking Platform. - SaaScada Core Banking Platform (https://www.saascada.com/): 5th-generation cloud-native SaaS core banking platform with open APIs and no product modules architecture. - **Finray Technologies Ltd** — https://finray.tech/ — Vendor of Corebanq. - Corebanq (https://finray.tech/corebanq): Finray Technologies Ltd core banking product. - **Skaleet** — https://skaleet.com/en — Additional EU/UK PI/EMI-relevant core banking vendor discovered during research. - Skaleet Core Banking Platform (https://skaleet.com/en): SaaS core banking platform. - **Pismo** — https://www.pismo.io/ — Additional banking/cards platform vendor discovered during research. - Pismo Platform (https://www.pismo.io/): Cloud-native banking/cards platform. - **Vodeno** — https://vodeno.com/ — Additional BaaS/cloud banking platform vendor discovered during research. - Vodeno Cloud Platform (https://vodeno.com/vodeno-cloud-platform/): Cloud banking/BaaS platform with core banking positioning.