Survey Of Banks Suggests Slow Start To API Testing

An independent survey of European banks has suggested that a significant number will miss the chance to gain the fallback exemption from its first availability in September, as many have failed to offer the requisite access to third-party providers (TPPs).

The sampling of 442 account servicing payment service providers (ASPSPs) by Swedish open banking platform Tink revealed that just 59 percent had made their application programming interface (API) testing facilities available to TPPs on or by March 15 this year.

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