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With the aim to leverage the NextGenPSD2 API Framework technology and infrastructure investments, openFinance allows banks, Third Party Providers (TPPs) and other Access Clients to offer enhanced services, products and information that will benefit market participants and will further improve customer experiences. Berlin Group openFinance adds standardised extensions beyond the regulatory PSD2 scope that enable bank customers (consumer or corporate account owners), directly or via TPPs and other Access Clients, to access bank accounts for commercial premium services and enriched data.
By expanding the access of customers’ financial data to broader data sources and additional account types, enhanced views on customers’ finances are offered which will empower bank customers to actively choose the best value products and services they need. openFinance will improve the basic credit transfer with additional functionalities (e.g. flexible execution and document handling) and enables the creation of many other new payment and credit services. The openFinance services will attune to the ambitions of the European Commission’s Retail Payments Strategy and to any relevant future scheme definition.
Please have a look at the General Introduction Brochure with further details on Berlin Group openFinance.
Please have a look at the Workplan 2025 for the future planned openFinance services.
PSD2 XS2A set the regulatory benchmark for consent-driven data access and enabling third parties to trigger a payment. One of the main intentions of PSD2 was to foster innovation and competition in the European banking market. While a first step has been made, more is needed to truly achieve this objective.
PSD2 ensures access to datasets on a bank customers’ payment account. Further, the defined roles for payment initiation and account information allow to provide basic payment services. Compared to other payment means, these will not allow to unleash the full innovation potential. This is why openFinance was established: the openFinance services will cover broader data sources and additional account types than what is required from a PSD2 regulatory perspective.
The above participants of the openFinance Taskforce represent the market supply-side (i.e. banks, payment/banking associations, payment schemes and interbank processors operating in SEPA), as providers of the openFinance APIs. The openFinance Taskforce is supported by the API Experts Working Group, a Business Evaluation Working Group and a Market Communications Working Group.
The openFinance Framework is built on different artefacts, which are all published for free under Creative Commons (CC-BY-ND):
An Operational Rules document that covers the service description, abstract (logical) data model and detailed process flow descriptions in a B2B interface;
Implementation Guidelines that specify the service interface in technical detail, including XML/JSON schemas;
An OpenAPI file that helps implementers during development; Technical errata might still be published. You can find all openFinance documents available for download here.
The openFinance API Framework offers a modern, open, harmonised and interoperable set of Application Programming Interfaces (APIs) as the safest and most efficient way to provide data securely, enabling European banking customers to benefit from innovative products and services (‘Banking as a Service’) by granting TPPs safe and secure (authenticated and authorised) access to their bank accounts and financial data.
Modern “RESTful” API set using HTTP/1.1 with TLS 1.2 (or higher) as transport protocol
TPP identification by ETSI-defined eIDAS certificates: QWACS mandated (easy measure to protect e.g. against DDOS attacks), QSEALS optional for banks (TPP follows instruction by bank)
Building on all NextGenPSD2 AIS, PIS and CoF use cases
Third Party Provider access beyond PSD2
GDPR compliant consent model beyond PSD2
Support of Direct Access for PSUs / Corporates
eCommerce support
Discovery service to obtain the specific implementation details
Multilevel SCA/Corporate Banking support
The following services have currently been defined in the openFinance Workplan 2021 and openFinance Workplan 2022:
Account Information extensions:
Basic AIS Service (PSD2)
Account Entry Push Notifications
Extended Consent Management (GDPR)
Additional Account Types: e.g. Savings, Loans, Securities
Payment extensions:
Basic Payments (PSD2)
Reservation of Funds
Deferred Payments
Request to Pay
Pay by Loan (integrated Consumer Loans)
SEPA Direct Debit eMandates
Integrated ID Data service
Document Services
DLT Smart Contract Trigger Payments
Trade extensions:
Mortgage/Loan Management
FX business
Securities business (list of stocks, certificates, …)
Account Opening Service
API Management:
Discovery API (Bank Parameter)
Client Parameter API
Administration and Registration services:
Pricelist API
Digital Contract API
Berlin Group openFinance is interested in further engagement with market participants in order to involve broader market interests as well. To this end, the former NextGenPSD2 Advisory Group & Board, as a balanced multi-stakeholder representation from the market demand-side, decided to migrate to openFinance as well. Since 1 March 2021 the openFinance Advisory Group & Board has been formally established.
The openFinance Advisory Group & Board offers participants the opportunity to liaise, interact and engage in a 2-way dialogue on strategic, business and technical topics related to the use and evolution of the openFinance standards, ensuring up-to-date information on all openFinance activities and future specification development from inception.
The openFinance Advisory Group & Board offers every opportunity to discuss and feed input into the openFinance standards development process. As such, it offers a Forum for debate and helps to foster adoption of openFinance, removes barriers, find optimisation potentials, ensures usability of openFinance for implementers, and contributes to pan-European harmonisation with improved interoperability across the entire value chain. The openFinance Advisory Group & Board operates in a solution-oriented approach.
Download: Terms of Reference of the openFinance Advisory Group & Board
The above participants of the openFinance Advisory Group & Board represent the market demand-side (i.e. Third Party Providers, FinTechs / IT Solution Providers, Merchants / Retailers / Corporates / SMEs, Consumers, Consultancies and Industry Associations).
The current openFinance Advisory Board and Co-Chairs have been elected and confirmed with their term ending on 18 September 2021.
Elected Co-Chairs:
Bruno Cambounet (Sopra)
Ralf Ohlhausen (ETPPA)
The openFinance Advisory Board consists of a maximum of 20 members, including the Co-Chairs, representing the openFinance Advisory Group stakeholder groups. The stakeholder groups and elected members are as follows:
Market demand-side:
Registered TPPs: Fanny Rodriguez (Fintecture), Ralf Ohlhausen (ETPPA)
FinTechs/IT Solution Providers: Bruno Cambounet (Sopra), Marc-Andre Bewernik (Qwist), Kannan Rasappan (Banfico), Steffen Weiss (Randstad Digital)
Merchants/Retailers/Corporates/SMEs: Bertrand Pineau (Club Mercatel)
Consumer organisations: vacant seat
Industry Associations/Consultancies: vacant seat
Market supply-side Observers:
3 members, designated by the openFinance Taskforce: Varying composition
Regulatory Observers - 3 (1 from the European Banking Authority, 1 from the European Central Bank, 1 from the European Commission), designated by their corresponding organisations: vacant seats
Meetings
The following meetings (including the former NextGenPSD2 meetings) have been organised sofar:
20180706 - Webinar Conference Call Meeting
20181012 - Meeting hosted by KAL Ltd. in Edinburgh, United Kingdom
20190206 - Meeting hosted by SDV / adorsys in Nürnberg, Germany
20190515 - Meeting hosted by Finastra in Paris, France
20190709 - Meeting hosted by Accenture in Zurich, Switzerland
20190930 - Meeting hosted by adorsys in Eschborn (Frankfurt), Germany
20200204 - Meeting hosted by Sopra Steria in Paris, France
Due to the 2020 Covid-19 situation, follow-on meetings have been scheduled to be organised as remote web conference calls since March 2020.
Public Deliverables
The following Public Deliverables specific to the openFinance Advisory Group & Board have been published sofar:
Participants of the openFinance Taskforce represent the market supply-side (i.e. banks, payment/banking associations, payment schemes and interbank processors operating in SEPA), providing the openFinance APIs.
If your organisation is operating on the market supply-side and is interested in participating to the openFinance Taskforce, then please send a message to info@berlin-group.org.
For participation to the openFinance Taskforce it is not required to be a Berlin Group member: the openFinance Taskforce is open for participation to any interested and committed non-Berlin Group participant as well, because the scope of the openFinance topic might be interesting to work on also for other market supply-side participants, not necessarily only by Berlin Group members. For participants to the openFinance Taskforce, there are no further Terms of Reference restrictions or applicable fees. The only commitment asked from participants is to participate as actively as possible on a best effort basis, which allows then to influence the process and results and being informed at first hand. Participants are engaged on a voluntary basis.
As transparency to the market is a key guiding principle for an open standardisation initiative such as the Berlin Group, the website always shows the organisations that have joined as participants to the openFinance Taskforce: an updated participant list will be published each time when a new participant joins. The participant list mentions the organisation name and logo of the participants. The application as a participant only becomes final once the organisation logo has been received in a web-ready version (.PNG or .JPG file, 72 dpi) and a print-ready version (.EPS, .AI or .PDF file, 300 dpi).
Participants of the openFinance Advisory Group & Board represent the market demand-side (i.e. as a Registered Third Party Provider, a FinTech/IT Solution Provider, a Merchant/Retailer/Corporate/SME, a Consumer Organisation, or an Industry Association/Consultancy), consuming the openFinance APIs.
If your organisation is operating on the market demand-side and is interested in participating to the openFinance Advisory Group & Board, then please send a message to advisory@berlin-group.org (please mark a permanent exception for ‘advisory@berlin-group.org’ and ‘advisory@open-finance-api.org’ in your SPAM-filters in order to ensure proper reception of messages).
The openFinance Advisory Group & Board is open for participation to any interested and committed market demand-side participant. Composition of the openFinance Advisory Group & Board needs to be balanced amongst the different stakeholders, in order to ensure
balanced and fair market representation without exclusive domination or guidance in standards development
due decision-making in broad consensus with equity and fairness among participants
For participants to the openFinance Advisory Group & Board, there are no applicable fees. The only commitment asked from participants is to participate as actively as possible on a best effort basis, which allows then to influence the process and results and being informed at first hand. Participants are engaged on a voluntary basis.
As transparency to the market is a key guiding principle for an open standardisation initiative such as the Berlin Group, the website always shows the organisations that have joined as participants to the openFinance Advisory Group & Board: an updated participant list will be published each time when a new participant joins. The participant list mentions the organisation name and logo of the participants. The application as a participant only becomes final once the organisation logo has been received in a web-ready version (.PNG or .JPG file, 72 dpi) and a print-ready version (.EPS, .AI or .PDF file, 300 dpi).
On 6 June 2025 the Berlin Group published updated VoP specifications and related documents
On 17 April 2025 the Berlin Group opened new Public Market Consultations on Digital Cheques and Direct Access for Corporates
On 14 April 2025 the Berlin Group moved the OpenAPI (YAML) files to GitLab.
On 27 January 2025 the Berlin Group published the openFinance Workplan 2025.
On 18 December 2024 the Berlin Group published a new Document Services API and an updated Data Dictionary.
On 22 October 2024 the Berlin Group published a new Mandate Services API.
On 5 August 2024 the Berlin Group opened a public market consultation on a new Mandate Services API and on a new Verification of Payee/Party (VOP) API Service.
On 1 March 2024 the Berlin Group published the Extended Account Information Services for the openFinance API Framework Version 2.
On 21 February 2024 the Berlin Group published the Administrative Services for the openFinance API Framework Version 2.
On 16 February 2024 the Berlin Group published the V2 Discovery API.
On 13 February 2024 the Berlin Group published the V2 Push Account Information Service.
On 6 February 2024 the Berlin Group published the openFinance Workplan 2024.
On 7 November 2023 the Berlin Group published the additional V2 Premium (Extended) Payments: Multiple Recurring Payments, Reservation of Funds and Deferred Payments
On 20 October 2023 the Berlin Group published the Request to Pay Version 2 services, one of the first Version 2 Premium Payment Services!
On 12 October 2023 the Berlin Group published the Version 2 Core PSD2 Compliance services. This milestone marks an important beginning of the Version 2 Architecture, which is built for the future of Open Finance and Open Data. Towards the end of 2023 the remaining (sometimes updated from V1) V2 services documentation will be finalised and published.
On 7 July 2023 the Berlin Group opened a public market consultation on Request-to-Pay V2. RTP V2 supports document transport (e.g. for eInvoicing) and includes an optional explicit consent confirmation step for the consent mechanism between RTP-Sender/Originator-RTPSP and PSU and thus supports enhanced onboarding procedures on the client side.
On 7 July 2023 the Berlin Group published an update version 1.2 of the AIS Savings and Loans Account Implementation Guidelines. This value-added extension update covers editorial improvements and integrates the ability to compare and differentiate between interest's rates (or array of interest rates) and the interest and amount of arrears in loans.
On 23 & 24 May 2023 the Berlin Group held its Open Finance Conference 2023. At the event Berlin Group announced that its PSD2 Open Banking standards already support new Open Finance schemes (e.g. EPC SPAA and giroAPI), and that additional leverage and support is offered to new payment schemes currently being defined, of which some aim to contribute to European sovereignty and autonomy (e.g. EUDI Wallet, Digital Euro). A press release was published immediately after the conference. The full text of the press release can be found here.
On 7 April 2023 Berlin Group openFinance opened a public market consultation on the openFinance API V2 Compliance Services.
On 3 March 2023 Berlin Group openFinance published the Workplan 2023.
On 16 November 2022 Berlin Group openFinance published a version 1.0 of the AIS for Securities Service and a version 1.0 of the Transaction Data Model for the V2.x Services.
On 1 July 2022 Berlin Group openFinance published a new subrelease 1.3.12 of the NextGenPSD2 Framework Implementation Guidelines, integrating Errata on version 1.3.11 and adding several new features following change requests from market participants and recent EBA clarifications. This document was published together with a Change Log document. On the same day two public market consultations were started: one on AIS for Securities and one on a new Transactions Data Model.
On 29 April 2022 Berlin Group openFinance published the Operational Rules and the Implementation Guidelines for the Extended Payment Initiation Services
On 3 March 2022 Berlin Group openFinance published updated versions of the Operational Rules and the Implementation Guidelines for the Push Account Information Services.
On 4 February 2022 Berlin Group openFinance opened a public market consultation on the Operational Rules for the Document Services.
On 19 January 2022 Berlin Group openFinance opened a public market consultation on the Implementation Guidelines for the Extended Payment Initiation Services.
On 21 December 2021, Berlin Group openFinance published the Push Account Information Services.
On 20 December 2021, Berlin Group openFinance published the openFinance Workplan 2022.
On 11 October 2021, Berlin Group openFinance started a public market consultation on the detailed technical specification for additional Push Account Information Services.
On 24 September 2021, Berlin Group openFinance published the first openFinance Services which integrated the feedback from the preceding public market consultation.
On 14 June 2021, Berlin Group openFinance published 3 additional documents for public market consultation. The market consultation on these documents closes on 26 July 2021 COB.
On 7 June 2021 the public market consultation for the openFinance Administrative Services has started. The market consultation closes on 26 July 2021 COB.
On 27 May 2021 the public market consultation for the new scheme-neutral Request to Pay Service has started. The market consultation closes on 9 July 2021 COB. In addition, the consolidated results on the March/April 2021 market consultation on the new openFinance Push Account Information Services (PAIS) and Extended Payment Initiation Services (EPIS) have been published.
On 19 April 2021 the AIS for Savings and Loans Accounts extension has been published. Although this has been published as an extension to the core NextGenPSD2 Framework, the Open Finance character of this service makes it especially also interesting for the openFinance community.
On 19 April 2021 the public market consultation for the new openFinance Pay by Loan Service has started. The market consultation closes on 28 May 2021 COB.
On 29 March 2021, the Berlin Group has published a first version of the openFinance Certification Process document, as a proposal to be further discussed with openFinance API Access Schemes when they want to consider their role in Certification and Approval. The certification process described in this paper should ensure a high quality of openFinance implementations and describes a possible certification and approval ecosystem model for the Berlin Group openFinance API Framework describing in detail the overall process for all involved roles, a detailed description of the main involved documents and a detailed description of the main processes
On 8 March 2021 the public market consultation for the new openFinance Push Account Information and Extended Payment Initiation Services has started. The market consultation closes on 16 April 2021 COB.
On 1 March 2021 the NextGenPSD2 Advisory Group & Board formally migrated to an openFinance Advisory Group & Board.
On 30 November 2020 the Berlin Group published the openFinance Workplan 2021.
On 26 October 2020 the Berlin Group published a news announcement with press release on the start of the openFinance activities.
Technical specifications can be downloaded here.
All other public articles below are made available in PDF or PPSX format. Upon specific and argued request, files can be made available in MS Office formats as well.
20241219 - openFinance Taskforce Participants list.pdf The Central Bank of Azerbaijan added as new participant to the openFinance Taskforce.
20250918 - openFinance Advisory Group & Board Participants list.pdf Fincon Reply GmbH from Germany added as new participant to the openFinance Advisory Group & Board.
Archived files are no longer published and can only be made available upon specific and argued request
20250709 - openFinance Advisory Group & Board Participants list.pdf Projective Group from Germany and Apicunia Limited from United Kingdom added as new participants to the openFinance Advisory Group & Board.
20250423 - openFinance Advisory Group & Board Participants list.pdf Avaloq Group AG from Switzerland added as new participant to the openFinance Advisory Group & Board.
20250127 - openFinance Advisory Group & Board Participants list.pdf Divizend GmbH and wealthAPI GmbH from Germany, and Swimbird AB from Sweden added as new participants to the openFinance Advisory Group & Board.
20241219 - openFinance Advisory Group & Board Participants list.pdf DPS Engineering GmbH from Germany added as new participant to the openFinance Advisory Group & Board.
20241122 - openFinance Taskforce Participants list.pdf Banca Popolare di Sondrio from Italy and SpareBank 1 Utvikling from Norway added as new participants to the openFinance Taskforce.
20241021 - openFinance Advisory Group & Board Participants list.pdf Verband Deutscher Treasurer e.V. from Germany added as new participant to the openFinance Advisory Group & Board.
20240325 - openFinance Taskforce Participants list.pdf KIR (Krajowa Izba Rozliczeniowa) from Poland added as new participant to the openFinance Taskforce.
20240527 - openFinance Advisory Group & Board Participants list.pdf FRIDA and Qwist from Germany added as new participants to the openFinance Advisory Group & Board.
20240312 - openFinance Advisory Group & Board Participants list.pdf Intellitrade from Israel added as new participant to the openFinance Advisory Group & Board.
20231120 - openFinance Taskforce Participants list.pdf The National Bank of Moldova added as new participant to the openFinance Taskforce.
20240122 - openFinance Advisory Group & Board Participants list.pdf Banked from United Kingdom added as new participant to the openFinance Advisory Group & Board.
20231120 - openFinance Advisory Group & Board Participants list.pdf Pay by B from Lithuania added as new participant to the openFinance Advisory Group & Board.
20231013 - openFinance Advisory Group & Board Participants list.pdf Bankableapi FZE LLC from Dubai/UAE, Carmentis SAS from France, and SIA Tietoevry Banking Latvia from Latvia added as new participants to the openFinance Advisory Group & Board.
20230630 - openFinance Taskforce Participants list.pdf BIL - Banque Internationale à Luxembourg from Luxembourg added as new participant to the openFinance Taskforce.
20230630 - openFinance Advisory Group & Board Participants list.pdf Answer Pay Limited from the United Kingdom, BIL - Banque Internationale à Luxembourg from Luxembourg, and Payments Innovation Consulting from Germany added as new participants to the openFinance Advisory Group & Board.
20220131 - openFinance Taskforce Participants list.pdf The Open API Group from Ukraine added as new participant to the openFinance Taskforce.
20230222 - openFinance Advisory Group & Board Participants list.pdf AUSY Technologies Germany AG from Germany and Token GmbH from Germany added as new participants to the openFinance Advisory Group & Board.
20221223 - openFinance Advisory Group & Board Participants list.pdf Fire Investment from Italy added as new participant to the openFinance Advisory Group & Board.
20220919 - openFinance Advisory Group & Board Participants list.pdf GD Next GmbH from Switzerland added as new participant to the openFinance Advisory Group & Board.
20220831 - openFinance Advisory Group & Board Participants list.pdf
20220525 - openFinance Advisory Group & Board Participants list.pdf SIXT from Germany and Tierum from the United Kingdom added as new participants to the openFinance Advisory Group & Board.
20220412 - openFinance Advisory Group & Board Participants list.pdf Fintecture from France added as new participant to the openFinance Advisory Group & Board.
20220131 - openFinance Advisory Group & Board Participants list.pdf Israel Securities Authority from Israel added as new participant to the openFinance Advisory Group & Board.
20211208 - openFinance Advisory Group & Board Participants list.pdf Elucidate GmbH from Germany added as new participant to the openFinance Advisory Group & Board.
20211110 - openFinance Taskforce Participants list.pdf Sumitomo Mitsui Banking Corporation (SMBC) EMEA from the United Kingdom added as new participant to the openFinance Taskforce.
20201130 - BG openFinance Workplan2021_final.pdf
20211110 - openFinance Advisory Group & Board Participants list.pdf CRIF GmbH from Germany and EY Advisory S.p.A. from Italy added as new participants to the openFinance Advisory Group & Board.
20210906 - openFinance Advisory Group & Board Participants list.pdf Club Mercatel from France added as participant to the openFinance Advisory Group & Board.
20210820 - openFinance Taskforce Participants list.pdf The Swiss Bankers Association from Switzerland added as new participant to the openFinance Taskforce.
20210802 - openFinance Advisory Group & Board Participants list.pdf International Card Systems AD Skopje (CaSys AD) from North Macedonia and Plum Fintech LTD from the United Kingdom added as participants to the openFinance Advisory Group & Board.
20210511 - openFinance Taskforce Participants list.pdf KIBS AD from Macedonia added as new participant to the openFinance Taskforce.
20210521 - openFinance Advisory Group & Board Participants list.pdf Open Finance Association Europe AISBL from Belgium added as participant to the openFinance Advisory Group & Board.
20210511 - openFinance Advisory Group & Board Participants list.pdf Enigma Business Consulting B.V. from the Netherlands added as participant to the openFinance Advisory Group & Board.
20210111 - openFinance Taskforce Participants list.pdf Aareal First Financial Solutions AG from Germany and the Banking Association of Georgia from Georgia added as new participants to the openFinance Taskforce.
20210420 - openFinance Advisory Group & Board Participants list.pdf Cloudentity Inc from the United States, PricewaterhouseCoopers and Utego from Italy added as participants to the openFinance Advisory Group & Board.
20210329 - openFinance Advisory Group & Board Participants list.pdf FlowPay S.r.l. from Italy and Debito Ltd (Banksly) from the United Kingdom added as participants to the openFinance Advisory Group & Board.
20210304 - openFinance Advisory Group & Board Participants list.pdf In addition to all previous NextGenPSD2 Advisory Group participants, Fabrick S.p.A. from Italy, LUXHUB SA from Luxemburg and Salt Edge Inc. from Canada have been added as participants to the openFinance Advisory Group & Board.
20201013 - openFinance Taskforce Participants list.pdf