Today, the Berlin Group announces a collaboration with nexo standards to align their standards as a support to the European Central Bank in the further design of the technical standards and implementation of the digital euro. Together, nexo and the Berlin Group’s standards support a fully harmonized payments value chain, from acceptance at the POI…
The European market is facing a multitude of payment methods that all share comparable functionality, but with different customer interfaces, creating implementation challenges (and related costs), especially at bank IT systems. Today the Berlin Group announced in public that its PSD2 Open Banking standards already support new Open Finance schemes (e.g. EPC SPAA and giroAPI),…
PRESS RELEASE – Berlin Group starts new openFinance API Framework Today, the Berlin Group announces that they will start to work on a full openFinance API (Application Programming Interface) Framework. Leveraging the NextGenPSD2 API Framework technology and infrastructure investments, openFinance allows banks and TPPs to offer enhanced services, products and information that will benefit market…
PRESS RELEASE – Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework Today, 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…