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Open Banking, Sopra Banking Software is participating in its standardization

15 10 2019

Sopra Banking Software is participating in the standardization of the Open Banking API in Europe

Alongside the development of a compliant solution for PSD2, Sopra Banking Software is participating in the standardization of the Open Banking API in Europe, in particular working with the Berlin Group NextGenPSD2 standard. 

This has consisted of a detailed Access to Account (XS2A) framework and associated messaging, based on PSD2 and EBA RTS. 

Bruno Cambounet, Marketing Director of Digital Products at Sopra Banking Software, was recently elected as co-chairman of the NextGen PSD2’s advisory board, which represents the Open Banking market-demand stakeholder groups. These include third-party providers, FinTechs, IT solution providers, merchants, consumers, consultancies and industry associations. 

At the time of writing, NextGenPSD2 has been chosen by 75 percent of all European banks.

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