Open Banking – open data, open access?

PSD2 now requires all ASPSPs to open up access to authorised account information service providers (AISPs) and payment initiation service providers (PISPs) (together, TPPs) in respect of all payment accounts, where customer consent has been elicited.

ASPSPs will need to make technical specifications and testing facilities available to TPPs by March 2019, giving six months for TPPs to test their software before the remaining requirements governing strong customer authentication and secure methods of communication come into force in September 2019, under the Regulatory Technical Standards on Strong Customer Authentication (SCA-RTS).

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