Established as a pan-European initiative to define open and common interbanking standards.
Development of a harmonised XS2A framework in response to the PSD2 directive.
Widespread adoption of NextGenPSD2 standards by over 75% of European banks.
Extending beyond PSD2 to enable voluntary, premium services and new data types.
Positioning openFinance standards as a market-ready solution for the upcoming Payment Services (PSD3/ PSR) and Financial Data Access (FIDA) regulation.