← Back to glossary Category: Financiar · Acronym: AIS/PIS AIS and PIS Quick answer: The two PSD2 open-banking services: AIS (account information / statements) and PIS (payment initiation) — used for reconciliation and automated payments. Key takeawaysAIS (Account Information Service) — reads balances and transactions (the statement). This is what a reconciliation engine uses to see receipts.PIS (Payment Initiation Service) — prepares and sends a payment directly from the company's account, with user authorization. What AIS and PIS are AIS (Account Information Service) — reads balances and transactions (the statement). This is what a reconciliation engine uses to see receipts. PIS (Payment Initiation Service) — prepares and sends a payment directly from the company's account, with user authorization. Why they're separate A company can grant only AIS (read statements, for reconciliation) without giving payment access. PIS is enabled separately, when you also want payments initiated from the system. Relation to Azuvio Azuvio uses AIS to automatically pull statements from all the company's banks and reconcile receipts; PIS can be enabled to initiate payments from the same place, with the company's authorization. Frequently askedDo I need payment access to reconcile?No. Reconciliation only needs AIS (reading statements). PIS (payment initiation) is optional and enabled separately. Where Azuvio fitsReconciliere bancară automatăConformitate fiscală ANAFSoftware OMSConectori ERP Related termsOpen Banking — The standard letting authorized third-party apps securely connect, with the company's consent, to bank accounts to read statements and initiate payments — the basis of automated reconciliation.PSD2 (Payment Services Directive 2) — The EU directive requiring banks to open secure API access to accounts for authorized providers — the legal foundation of open banking.Bank reconciliation — Matching each bank-statement transaction to its invoice, order or payment — automated through open banking. Last updated: 2026-07-06