10 Mar

HSBC launches PSD2 developer portal

HSBC launches PSD2 developer portal
Source: Bankingtech

HSBC has unveiled its PSD2 developer portal designed to allow third party payment providers to develop products and services across Europe. The bank says this is in line with the UK’s Competition and Markets Authority (CMA) Open Data Specifications – and will help the bank to meet the requirements of PSD2.

The portal is a sandbox environment where developers can test APIs for three services: account information, payment initiation and funds confirmation. Developers can access mock data from retail and corporate payment accounts.

Nadya Hijazi, global head of global liquidity and cash management digital, HSBC, says the portal brings “new innovation to the market through an intuitive developer ecosystem”.

This testing facility provides developers with the choice of Open Banking Implementation Entity (OBIE) and STET standards, with work underway to include the Berlin Group standards. You can access the portal here. The bank is usually active in the fintech space.

A few days ago, Proactis, a spend management and B2B e-commerce company, secured £20 million in funding from HSBC UK for its SME market ambitions. Over in the States, HSBC US Commercial Banking teamed up with Neptune Financial to target middle market businesses. While last month, HSBC began beta testing its PayMe System for businesses, with 15 retailers in Hong Kong now able to accept payments from customers using the e-wallet app.

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