Easily manage and develop networks in cooperation with digital partners and FinTechs: the introduction to PSD2 is set, the regulatory requirements are defined by the Berlin Group and the IT departments of most European banks started their preparations for the implementation. The Ecosystem Builder is the logical reaction for financial institutions, which are keen to not only fulfilling their „duty“ but want to make use of the opportunities PSD2 offers to design Open Banking using new digital services and own FinTech ecosystems.

The Bank für Sozialwirtschaft (BFS) and the FinTech NDGIT have entered into a strategic partnership to implement the BFS digital banking strategy. The basis of this cooperation is the NDGIT Open Banking Platform which the BFS will use to implement the revised Payment Services Directive (PSD2) according to the Berlin Group standard, in order to realise future networking with digital partners and to offer its customers new, attractive FinTech services.

HBL is implementing its “Banking as a Service” offer with the NDGIT Open Banking platform. They are integrated as flexible middleware on Finstar, the same bank platform developed by HBL, and opens its data and services concerning accounts, deposits or other bank processes. FinTechs and digital partners can easily and securely link to these as APIs. The NDGIT standard solution also offers compatibility with European PSD2, which is currently being adjusted to the regulatory and Europe-wide standards being developed in the market.