The European Payments Council (EPC) launched a public ‘call for interest’ to identify European Application Programming Interface (API) standardisation initiatives that already developed or intend to develop API specifications compliant with the SEPA Payment Account Access (SPAA) scheme rulebook.
SPAA scheme participants are free to select compliant API Standardisation Initiatives of their choice. However, to ensure pan-European harmonisation of SPAA API implementations, the EPC is looking at establishing a validation process to check whether the SPAA API specifications developed by the Standardisation Initiatives and their implementations comply with the requirements as defined in the SPAA scheme rulebook. To this end, the API Standardisation Initiatives are also invited to provide evidence of conformance tools and procedures to facilitate a (self) assessment of Asset Holders and Asset Brokers.
Version 1.1 of the SPAA scheme rulebook was published on 26 June 2023. As stipulated in section 1.14, the rulebook is primarily focused on stating the business requirements for the operation of the scheme and the SPAA API Implementation Guidelines which support the scheme operationally are hence to be developed by the API Standardisation Initiatives.
Read more here.
How to participate
European API Standardisation Initiatives that have already developed or plan to develop API specifications compliant with the SPAA scheme rulebook are encouraged to submit their response via email to SPAA@epc-cep.eu by April 26, 2024, midnight Brussels time.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
