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Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework
The Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). Version 1.0 integrates extensive public market consultation feedback and is based on the European Commission adopted European Banking Authority (EBA) Regulatory Technical Standards [...]
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PSD2 access to accounts: A huge hidden revenue opportunity for banks
There is a widely-held belief in the banking industry that PSD2 access to accounts (XS2A) has to be provided for free. This is not true. Sure, Europe’s banks must grant customer-permitted Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISPs) access to their bank accounts and financial data, but crucially, PSD2 says nothing [...]
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