33report.eu facilitates bilateral dialogue between TPPs and ASPSPs. A web-based platform enables potential issues and problems relating to the compliance of PSD2 dedicated interfaces to be documented. Automatic neutral data collection means that standardised reports can then be delivered to regulators.
The initial scope of the 33report.eu service targeted the 89 fintech TPPs authorised to provide open banking services in Norway and the 117 credit institutions that can act in the capacity of TPPs. However, with transactions on the rise, the requirement for a central standardised reporting platform became clear and the service is now being rolled out across the EEA.
Open Banking Exchange (OBE) helps regulators, self-regulated organisations (SROs) and national communities implement effective and interoperable open solutions based on jurisdiction neutral technology frameworks. By partnering with 33report.eu, OBE can provide expertise, guidance, and awareness of Article 33, delivering improved PSD2 open banking compliance.
John Broxis, Managing Director, Open Banking Exchange, commented: “With our continued advisory and educational work in Europe, a partnership with 33report.eu will enable us to further our goal of facilitating innovation, competition and consumer choice through standardised trusted frameworks to deliver safe and secure open banking.”
Niklas Sandqvist, General Manager, 33report.eu, stated: “Partnering with OBE will enable us to raise the profile of this project, widen its scope and facilitate improved dialogue and discussion to enable PSD2 to achieve its objectives of delivering increased competition and better financial outcomes for society.”
