ABANCA OPEN BANKING

Client

Abanca

Year

2019

Role

Product Designer

What I did

Research, analysis, web and product design

The implementation of PSD2, a revision of the European Payment Services Directive, is mandatory for all financial institutions since the end of 2019. Among other measures, it requires banks to open up their payment services to third-party companies, known as TPPs (Third Party Payment Service Providers): third parties are allowed access to customers' accounts and initiate payments on their behalf, with prior authorization from the account holder.

To utilize these services, interested developers can access the APIs provided by each institution. This project addresses how Abanca provides such a service.

For any development company to effectively leverage the open banking concept, Abanca provides an entire collection of ready-to-implement services for new software solutions. These services are consolidated in a newly created application, which also offers a testing environment for any team to manage their connections and usage statistics.

The project involves designing a promotional website and the application itself, a dashboard for managing API keys and the development team, a comprehensive sandbox environment (providing the option to obtain production APIs), and thorough documentation, always available for any interested developer.