Open Banking Europe, where do we stand now

It’s been a very busy month of activity for us recently, having attended SIBOS officially as Open Banking Europe and our follow up country tours to educate the Banking Communities, Service Providers and Regulators as to what is going on across Europe. We have also run a program of three public webinars, in September, October and November that have been very well attended.

Some highlights:

New Banks coming onboard

We are gathering pace and having started from zero banks and a concept in August 2017, we are now at 20 Banks, covering 15 countries.  Having such a broad membership and cross-border information sharing has enabled us to discuss and identify common problems, including some hidden new ones about passporting!  We expect this number to double in the coming months, while our ambition is that all stakeholders will use the Open Banking Europe Directory.

Country Visits

In some countries we have been diving deeper with Country Visits in collaboration with local Associations to spread the knowledge of the problems/solution we are all working towards and to invite new banks and countries as members.

We’ve had excellent sessions in Norway, Sweden, Denmark, Finland, Luxembourg, Portugal with over 100 banks combined that we’ve spoken to.  In particular, we look forward to accelerating and harmonising OBE for the Nordics given the national innovative mindsets and cross-border collaboration we’ve seen so far!

We are also meeting a lot of TPPs.

New Service Provider Program

Appreciating the solution and service providers who make things happen with our member Banks, we have now opened our Open Banking Europe – Solution Provider Program, which is open to any Bank nominated provider.

Central Banks, Competent Authorities and Associations.

We have been very fortunate to have the opportunity to present to Ministers, Central Banks and Competent Authorities across Europe. In the past six weeks we have met or spoken to 14 out of the 31 competent authorities.

Such engagements, have been very important to ensure that we are sharing our plans, getting early validation and in some cases, have been able to bring some issues to their attention and are working to support transitional or clarity in the market(s) as Europe comes online in 2018. In some cases, we are being contacted by Competent Authorities, who are asking us for advice, or being given information of which they were not previously aware.

Achievements

Understanding the mapping requirements, creating the data model, and finalising a reference model for regulatory entities has been an important outcome of the work done. Our working group, has given valuable input into the way that notifications should work from the directory has help us work through the high-level description that will be published in mid-December.

We have been supporting the ETSI e-Signatures and Infrastructures group in their drafting of the PSD2 eIDAS standards, which includes technical standardisation elements, as well as annexes on QTSP competent authority interaction. This work is going well in order to meet the timelines shown here .

We have developed a roadmap to take us through 2018. We have also had some excellent best practice sharing as well as what to avoid (like going on XS2A too early on proprietary standards!)

Upcoming for December and into 2018

As the year draws to an end we are looking forward to finalising a new website, a new set of PSD2 Access to Account Miniguides, and a new release of our directory, and the first version of the Directory API.

All these materials are/will be available to members of the program.

If you find this work interesting, then please join us.

We look forward to working together to help build a Digital Europe.

Leave a Reply

%d bloggers like this: