Merits of NISP in context of the PSD2 Review

/in

Since 2018, the NextGenPSD2 Implementation Support Programme (NISP) has supported banks, interbank processors and regulated Third Party Providers (TPPs) in implementing the Berlin Group NextGenPSD2 Framework and achieving on time compliance to all relevant PSD2 regulatory and organisational requirements from the European Commission (EC) and the European Banking Authority (EBA). NISP offers a common Best Practice implementation support and a common Testing Framework with sandbox and testcase definitions, simplifying interoperability testing, rendering maintenance efficiencies and also taking care of the different variants and options that might arise in implementing a PSD2-compliant interface. The NISP testing support was the instrument to prove compliance towards internal and external stakeholders. The common implementation support helped to optimise implementations, maximise implementation quality levels, while solving interoperability issues and developer questions at an early stage. NISP ran as a program from 2018 to 2020 and continued in Maintenance Mode in 2021 and 2022.

As an indispensable complement to available standards, NISP as an implementation support project provided a perfect basis for the implementation and rollout of the NextGenPSD2 open banking framework. Standards alone are never sufficient: market supply- and demand-side implementers need support in ensuring that PSD2-compliant and interoperable PIS/AIS/PIIS services are provided that meet the requirements of the available laws, regulations and the detailed technical standards.

Today, NISP published an overview document that outlines how NISP has contributed to implementation harmonisation and improved interoperability in the European market for implementers of the Berlin Group NextGenPSD2 Framework. With all the deliverables that NISP already provided for the PSD2 Open Banking compliance, a perfect basis is available for extension into Open Finance and Open Data services.

A copy of the document can be downloaded here.

 

NextGenPSD2: More than 1700 banks have met the first regulatory PSD2 deadline on time

/in

Today the NextGenPSD2 Implementation Support Programme (NISP) has issued a press release: more than 1700 NISP represented banks have made available on 14 March 2019 their sandbox testing environments for testing by Third Party Proiders (TPPs) of their NextGenPSD2 implementation for bank account access (XS2A) under PSD2. 14 March 2019 was an important regulatory deadline, mandating banks to offer testing facilities to TPPs, 6 months before the European Banking Authority Regulatory Technical Standards (RTS) come into force on 14 September 2019.

As an important deliverable within the NISP common Testing Framework, NISP has defined the functional requirements for a sandbox test environment for integration testing by TPPs. As additional benefit to TPPs, NISP also provides a common list of sandbox details of the participating banks. The related documents are available to registered TPPs (ref. https://nisp.online/tpp-registration/). In the near future, the NISP project will further extend the test information. Furthermore, NISP will monitor upcoming testresults and enable a pan-European view on the status of testing between TPPs and banks for PSD2 XS2A.

The full text of the press release can be found here.

Asseco-NISP Joint Press release

/in

16 October 2018 – Asseco South Eastern Europe (Asseco SEE), a leading provider of IT solutions and services for banks in the SEE region, and the NextGenPSD2 Implementation Support Programme (NISP), which supports banks and interbank processors throughout Europe in implementing the Berlin Group NextGenPSD2 Framework, have announced that Asseco SEE has joined NISP in its efforts to deliver assistance to banks regarding implementation and achieving compliance with all relevant PSD2 requirements. The full text of the press release can be found here.

18 European organisations participate in the NextGenPSD2 Implementation Support Programme

/in

18 European organisations participate in the NextGenPSD2 Implementation Support Programme (NISP), which aims to support banks and interbank processors in implementing the Berlin Group NextGenPSD2 Framework.

An important NISP component is a common Testing Framework deliverable, simplifying interoperability testing, rendering maintenance efficiencies and also taking care of the different variants and options that might arise in implementation. The common Testing Framework is expected to deliver an enormous help to the whole industry, due to the subsequent reduction in actual testing efforts for both banks and Third Party Providers (TPPs), while aiming to support and ease the efforts of national supervisors and the European Banking Authority (EBA) in evaluating the API implementations on time. This will contribute to a fast-growing and mature market of NextGenPSD2 access to account services, available for the benefit of European consumers and businesses alike.

The NextGenPSD2 Implementation Support Programme will also support implementers in complying with all relevant European regulatory and organisational requirements until March 2019, when banks have to offer testing facilities to TPPs, 6 months before the EBA Regulatory Technical Standards (RTS) come into force, thus avoiding the implementation of a ‘fall-back’ interface solution. Such a common implementation support also helps to optimise implementations, maximise implementation quality levels, while solving interoperability issues and developer questions.

Due to being one of the outstanding and open pan-European standards enabling TPPs to access bank accounts under the revised Payment Services Directive (PSD2), the Berlin Group NextGenPSD2 Framework is offering an open, common and harmonised European API (Application Programming Interface) standard currently being implemented across numerous markets throughout Europe. Based on PSD2 and EBA RTS, the NextGenPSD2 Framework v1.1 was published in May 2018. It integrates the results of convergence discussions with other API standardisation initiatives and 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. Since then, several markets in Europe have started implementing the NextGenPSD2 Framework.

Publication of the NextGenPSD2 Implementation Support Programme was introduced to the market via a press release. The full text of the press release can be found here.