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In Europe we have the PSD2 open banking [1] directive which essentially gives developers a standard api access to banking operations on behalf of a user. It is
by tyfon 11mo ago
In Europe we have the PSD2 open banking [1] directive which essentially gives developers a standard api access to banking operations on behalf of a user.
It is a requirement for banks to implement this and the FSA will be on your neck if you are not compliant with the standard.
[1] https://finance.ec.europa.eu/regulation-and-supervision/financial-services-legislation/implementing-and-delegated-acts/payment-services-directive_en https://finance.ec.europa.eu/regulation-and-supervision/fina...
- debugnik 11mo agoTo access that API you need a license as an authorised third-party provider (TPP), don't you? So in practice it is only for businesses capable of pushing through the bureaucracy.