Tag Archive for: NextGenPSD2

Merits of NISP in context of the PSD2 Review

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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.

 

Bank of Israel has joined NISP

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The Bank of Israel (the Central Bank of Israel) has joined NISP. This brings the total number of organisations participating in NISP to 31.

FIME SAS has joined NISP

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FIME SAS from France has joined NISP. This brings the total number of organisations participating in NISP to 30.

Aegean Baltic Bank S.A. has joined NISP

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Aegean Baltic Bank S.A. from Greece has joined NISP. This brings the total number of organisations participating in NISP to 29.

Pancreta Bank Co-op Ltd has joined NISP

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Pancreta Bank Co-op Ltd from Greece has joined NISP. This brings the total number of organisations participating in NISP to 28.

Piraeus Bank Group has joined NISP

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Piraeus Bank Group from Greece has joined NISP. This brings the total number of organisations participating in NISP to 27.

Attica Bank has joined NISP

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Attica Bank Banking Company S.A. from Greece has joined NISP. This brings the total number of organisations participating in NISP to 26.

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

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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.

Eurobank has joined NISP

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Eurobank Ergasias SA from Greece has joined NISP. This brings the total number of organisations participating in NISP to 25.

2 Additional organisations have joined NISP

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2 Additional organisations have joined NISP:

  • Adorsys GmbH & Co. KG
  • SDV-IT, Sparda-Datenverarbeitung eG

This brings the total number of organisations participating in NISP to 24.