Banfico: Releases Open Banking directory
- Banfico is a London-based boutique firm focused on delivering Open Banking technology solutions
- Launched an Open Banking Directory Service, enhancing its open banking portfolio, already being used by communities around the world
- The Directory will form part of the TPP regulatory validation service being used by ASPSPs in Europe and UK
- Currently, in compliance with PSD2, ASPSPs and third-party providers (TPPs) rely on qualified certificates
- While the data fields embedded in the certificate are accurate at the time the certificate is issued
- Some details, such as the countries where the TPP is authorised to operate (passporting) are also not present in the certificate
