Bank für Sozialwirtschaft launches direct developer portal for third party providers
Cologne/Munich, 28 March 2019
NDGIT enables seamless delivery with PSD2 API platform and solutions
Bank für Sozialwirtschaft (BFS) provides direct access to third-party service providers (TPPs), under European PSD2 regulation, supporting them with a rich developer portal, test environment and sandbox interfaces powered by NDGIT.
Using NDGIT’s API platform and specialists, BFS can now deliver PSD2 APIs for TPPs. A dedicated ‘sandbox’ (virtual space to test and run coding securely) gives them a testing entry to BFS’s API functionality, in accordance with PSD2. This can be accessed via the following link: https://developers.sozialbank.de/
Beginning with a three-month test phase, TPPs can now access the interfaces of more than 3,000 banks across the EU. BFS supports the Berlin Group’s NextGenPSD2 pan-European standardization initiative. The sandbox offers Account Information Services (AIS) and Payment Initiation Services (PIS) with SEPA, Cross Border and TARGET2.
The NDGIT platform ensures full PSD2 compliance. Its PSD2 standard software is used by more than twenty banks throughout Europe and includes all the services and functions required for PSD2 implementation. Using technologies such as REST (REpresentational State Transfer), SOAP (Simple Object Access Protocol) and OAuth2 (Open Authorization), the solution can be easily integrated into the backend systems of the banks.
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About NDGIT
NDGIT stands for Next Digital Banking. The company provides a proven API platform for banking and insurance. Connecting banks and fintechs with digital ecosystems, its technology opens banks up to digital partners with Open Banking APIs and PSD2 solutions. The NDGIT fintech platform forms a technological backbone for new applications and IT landscapes in banking and insurance. NDGIT implemented Switzerland’s first open banking solution in 2017 and was awarded the Euro Finance Tech Award 2017 for the best collaboration between bank and fintech. In 2018 the NDGIT API platform won the CEE Fintech Challenge, the largest FinTech competition in Central and Eastern Europe.
