FIME accelerates open banking API innovation & compliance with automated test solution

FIME accelerates open banking API innovation & compliance with automated test solution
23.06.2020 01:19 pm

FIME accelerates open banking API innovation & compliance with automated test solution

Open Banking , Payments , Compliance , Consultancy

FIME has released a new version of its automated open banking API test solution, TrustAPI+, including support for The Berlin Group, one of the largest open-access API standards. Banks and third-party providers (TPPs) can now assess compliance against two major Access to Account interfaces, the NextGenPSD2 and STET APIs. This reduces the cost and time required to verify APIs against PSD2-compliant standards and fast-tracks the launch of open banking use cases.

The test suites for The Berlin Group and STET open-access APIs are powered by the FIME Test Factory enabling automation, digitalization and customization of the open API testing process.

“Open banking API standards are streamlining the path PSD2 to compliance, but developing and validating APIs can be costly and time consuming,” comments Raphaël Guilley, VP Solutions at FIME. “TrustAPI+ now incorporates test plans for both The Berlin Group and STET. No more scripting test plans. No need to build test environments. Users simply run automated tests in our secure online tool and get the results in minutes. This innovation enables banks and TPPs to deliver new open-access services quickly and cost-effectively - without compromising on quality.”

“Flexible testing solutions are essential to ensure we meet all implementation, regulatory and market needs,” comments Wijnand Machielse, European market director at NISP. “FIME is a long-time supporter of payments standardization efforts, and has already demonstrated its API testing expertise on a number of open-banking projects. Its insights will therefore be invaluable to our NextGenPSD2 efforts.”

FIME’s experts are supporting several open banking standardization initiatives. FIME is facilitating the testing of STET’s open-access API standard and participating in The Berlin Group’s NextGenPSD2 task force. It’s also working with banks and TPPs across the world to define, design, deliver and validate their open API strategy. Find out more about how we can support your projects here.

Related News

Open banking: a strategic partnership for CRIF and SIA in Italy and Europe

CRIF, a global company providing credit bureau, business information and credit solutions, and SIA, a leading European hi-tech company in... Read more »

Leading Firms Collaborate with Mastercard to Further Secure Open Banking Ecosystem

Mastercard announces three key financial firms as the latest companies to start using Mastercard Open Banking Protect, safeguarding organisations who manage... Read more »

Sopra Banking Software signs strategic partnership with Tink

Sopra Banking Software (SBS), a global leader in digital banking and financing software, announces a strategic channel partnership with Tink, Europe’s leading open... Read more »

Resurs Bank partners with Nordic API Gateway for open banking services

Today the open banking platform Nordic API Gateway announces its latest partnership with Nordic niche bank, Resurs Bank, creating new innovative and customer-... Read more »

Revolut launches account aggregation feature in Ireland

Revolut has launched its Open Banking feature in Ireland, providing customers with aggregated account data from AIB, Permanent TSB, Ulster Bank, and Bank of... Read more »

Worldpay from FIS Enables Instant Payments from Your Bank Account through Open Banking Hub

FIS® (NYSE: FIS), a global leader in merchant and financial services technology, today... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel