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Open Banking

Open banking allows secure access to European bank account data and payment services through Nium's standardized open banking APIs. Open banking helps financial institutions, third-party providers (TPPs), and fintech platforms offer innovative banking experiences while ensuring compliance with global regulations like PSD2 (Payment Services Directive Two).

With Nium's Open Banking solutions, you can:

  • Access Account Information Services (AIS) to fetch customer account details.
  • Use Payment Initiation Services (PIS) to initiate and manage payments securely.

Whether you're a Nium client looking to integrate Open Banking into your systems or a third-party provider (TPP) interacting with Nium customers, this section guides you through:

  • Client Integration: As a Nium client, learn how to connect with our open banking APIs to handle account details and payment workflows.
  • Third-Party Integration: Learn how TPPs access customer data and provide services through Nium's standardized Open Banking APIs.

By integrating with Nium's Open Banking APIs, you can:

  • Simplify your integration: Easy-to-use APIs streamline the connection between your system and Nium's ecosystem.
  • Ensure compliance: Fully aligned with PSD2 regulations to ensure secure data sharing and customer consent.
  • Create a seamless user experience: Securely redirect customers for authentication and deliver clear transaction updates.