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PSD2 is great, but as far as I remember, it doesn't make banks have a common basic API, every bank can implement it wildly differently. Next step is something
by cprecioso 7y ago
PSD2 is great, but as far as I remember, it doesn't make banks have a common basic API, every bank can implement it wildly differently.
Next step is something like OpenBanking in the UK which does ask for common APIs.
- grenoire 7y agoThe next step is unfortunately not coming up anytime soon. They made account information and payment initiation service provider (AISP and PISP respectively) licensing mandatory to connect with banks, but most banks don't even have their APIs production-ready in time! Rabobank (Dutch) quoted to us the end of 2020 for their 'official' connection platform, but the requirements have been made legally binding in September...