HSBC Launches PSD2 Developer Portal with Expanded APIs
HSBCs launch of its PSD2 Developer Portal will help the bank to meet the requirements of the directive, which aims to increase competition and reduce costs in the European payments industry.
HSBC has launched a portal designed to allow third party payment
providers to develop products and services for European consumers and
businesses as required by the Second European Payment Services Directive
(PSD2) and in line with the Competition and Markets Authority Open Data
Specifications.
HSBC’s launch of its PSD2 Developer Portal will help the bank to meet
the requirements of the directive, which aims to increase competition
and reduce costs in the European payments industry.
HSBC’s Developer Portal is a secure sandbox environment where developers
can test Application Programming Interfaces (APIs) for three services:
Account Information, Payment Initiation and Funds Confirmation.
Developers can access mock data from Retail and Corporate Payment
Accounts in scope of PSD2.
Nadya Hijazi, Global Head of Global Liquidity and Cash Management
Digital, HSBC, said: “We are keen to work with multiple parties to
develop and test their applications and customer propositions through
easy and secure access to the wide range of simulated products and
services on our PSD2 Developer Portal. We look forward to working with
third party payment providers across Europe to use HSBC’s services and
bring new innovation to the market through an intuitive developer
ecosystem.”
This testing facility in the secure sandbox environment provides
developers with the choice of Open Banking Implementation Entity (OBIE)
and STET standards, with work underway to include the Berlin Group
standards.
The launch of the PSD2 Developer Portal marks another step towards
introducing more digital innovation and competition for payment services
while ensuring high levels of security. It is anticipated that the
changes will lead to increased customer choice and confidence in using
Account Information Services and Payment Initiation Services, when
consenting to share their financial data.
Link to the portal: https://developer.hsbc.com
About HSBC
HSBC Holdings plc, the parent company of HSBC, is headquartered in
London. HSBC serves customers worldwide from approximately 3,800 offices
in 66 countries and territories in our geographical regions: Europe,
Asia, North America, Latin America, and Middle East and North Africa.
With assets of $2,558bn at 31 December 2018, HSBC is one of the world’s
largest banking and financial services organisations.
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