Over 40 Leading Financial Industry Players Support Open Banking Europe’s* pan-European PSD2 Access Directory

With the delivery of this directory, OBE is answering to the market need for a single, standardised, trusted and machine-readable repository of regulatory data related to third-party providers (TPPs). The directory is an important element in enabling access-to-account (XS2A) services. It will also provide operational data for all regulated account-servicing payment service providers (AS-PSPs) and TPPs in Europe as well as data on qualified trust service providers (QTSPs), which issue the PSD2 eIDAS certificates needed for the identification of TPPs.

“The strong support of our initiative by some of the largest financial institutions, covering all the countries in Europe, shows the vital need for a common and collaborative directory that combines the information from the different national repositories and makes it available in a way that is easy to access and process,” said John Broxis Managing Director of Open Banking Exchange. “The effort required to understand 31 national registries, each holding multiple types of payment service provider information, should not be underestimated, but when you work together and jointly shoulder the effort, the task becomes much easier.”

Open Banking Exchange Europe brings together different players involved in PSD2 in one single collaborative space with the objective to shape and harmonise PSD2 implementation processes where needed. This is done through workshop, webinars, networking activities and collaborations with external partners, such as ETSI, with whom PRETA has recently agreed an MOU to cooperate and promote PSD2 XS2A-relevant standards.

Thanks to the support and collaboration of all participants, Open Banking Exchange Europe has now started to work on other harmonisation and conformance aspects, supporting the industry in its move to open banking.