Press release: more than 300 banks across Europe use PRETA’s Open Banking Europe Directory

Paris, 30 July 2019 – PRETA announced today that the number of banks using the Open Banking Europe Directory to comply with PSD2 access-to-account  requirements has grown to more than 300 financial institutions across Europe. As of 14 September 2019, banks and other payment service providers are required to provide access-to-account (XS2A) to authorised third party providers (TPPs), even when there is no contract in place between the ASPSP and the TPP. The OBE Directory, developed by PRETA’s Open Banking Europe (OBE) initiative, is there to secure this process and provides a machine-readable repository of regulatory information, which is updated hourly and notifies payment service providers (PSPs) of any critical changes.

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