NISP supports the implementation, testing & certification of the Berlin Group NextGenPSD2 Framework
The NextGenPSD2 Implementation Support Program – NISP supports banks, associations, schemes and interbank processors in implementing the Berlin Group NextGenPSD2 Framework. The primary objective is achieving swift compliance to all relevant regulatory and organisational requirements from the European Union (EU) and the European Banking Authority (EBA). NISP participants will further benefit from the exemption to implement a ‘fall-back’ interface solution. Such a common implementation support also helps to optimise implementations, maximise implementation quality levels, and solve interoperability issues and developer questions.
PSD2 provides that the bank customer controls Third Party access to his account information. The open interface to the bank account required for this purpose is also known as the XS2A interface. Such an interface was required by the European regulatory authorities with the PSD2 and the EBA RTS and standardised by the Berlin Group in their NextGenPSD2 Framework.
The Berlin Group NextGenPSD2 Framework allows interested market participants to start implementing the PSD2 required account information (AIS), payment issuer instrument (PIIS) and payment initiation (PIS) services into a common, interoperable and harmonised interface and infrastructure. Numerous markets in Europe (such as in Austria, Belgium, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Latvia, Lithuania, Malta, the Netherlands, Norway, Portugal, Spain and Sweden) and in Israel have started implementation processes for the Berlin Group NextGenPSD2 Framework.
The implementation of the Berlin Group NextGenPSD2 Framework enables Third Party Providers to provide innovative “Banking as a Service” solutions to bank customers throughout Europe.
NISP brings together business competitors from the same market sector, and is by nature discussing a common NextGenPSD2 implementation support to the benefit of participants and the overall industry. NISP has transparent, non-discriminatory and objective admission criteria and participation rules which are published on the NISP website. NISP project activities involving its participants are conducted in compliance with its agreed terms of reference. The terms of reference and the scope of activities of the NISP project aim to be in full compliance with national and EU regulations. The simple participation in a common support project in itself cannot be considered to be an infringement of competition law (e.g. when significant benefits to consumers or industry are produced) and NISP participants designate the utmost value to respecting and complying to EU and Member States competition law. In order to prevent any type of competition law infringement within the scope of collective NISP discussions, workstreams and deliverables and help ensuring that inadvertent breaches of such competition laws are avoided, the following Anti-Trust Guidelines and Proper Conduct Rules have to be obeyed by NISP participants:
It is the responsibility of each NISP participant to ensure strict compliance with these NISP Anti-Trust Guidelines and Proper Conduct Rules. In case of doubt or concern, participants should consult their own legal counsel.
These NISP Anti-Trust Guidelines and Proper Conduct Rules have been endorsed by the NISP Steering Committee in its meeting of 3 July 2018.