{"id":2973,"date":"2025-10-13T12:09:49","date_gmt":"2025-10-13T10:09:49","guid":{"rendered":"https:\/\/www.betaalvereniging.nl\/en\/?post_type=btv_wiki&#038;p=2973"},"modified":"2026-02-26T11:55:48","modified_gmt":"2026-02-26T10:55:48","slug":"open-banking","status":"publish","type":"btv_wiki","link":"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/open-banking\/","title":{"rendered":"Open Banking"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-legal-framework-for-open-banking\">Legal framework for open banking<\/h2>\n\n\n\n<p>Thanks to the Revised Payment Services Directive (<a href=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/psd2\/\" type=\"link\" id=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/psd2\/\"><strong><u>PSD2<\/u><\/strong><\/a>, Payment Services Directive), a licensed third party (a payment service provider) can access a payments account free of charge, provided the account holder gives their prior consent. This is also known as Open Banking.<\/p>\n\n\n\n<p>Two important conditions must be met:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The payment service provider must have a <strong>license<\/strong> to offer payment initiation or account information services.<\/li>\n\n\n\n<li>The account holder must first give <strong>explicit consent<\/strong> to that service provider.<\/li>\n<\/ol>\n\n\n\n<p>The third party will then be granted free access to the account holder&#8217;s payments account with the account manager, usually a bank. Without the account holder&#8217;s consent or without a license, the service provider will not be granted access. The account holder can withdraw their consent at any time.<\/p>\n\n\n\n<p>A service provider that wishes to retrieve account data must first make clear what the data will be used for. The data may then only be processed for that purpose.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Transparency and data use<\/h3>\n\n\n\n<p>The collective term <em>third party<\/em> refers to a <strong>payment initiation and account information service provider<\/strong>. They can obtain a license for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PSD2 payment service 7, \u2018payment initiation service\u2019 or<\/li>\n\n\n\n<li>PSD2 payment service 8, \u2018account information service\u2019.<\/li>\n<\/ul>\n\n\n\n<p>These licenses are granted by an authorized supervisory authority within the European Union. In the Netherlands, this is <a href=\"https:\/\/www.dnb.nl\/en\/sector-information\/open-book-supervision\/laws-and-eu-regulations\/psd2\/\"><strong><u>DNB<\/u><\/strong> <span class=\"icon inline-block ml-1 w-[0.875em]\" aria-hidden=\"true\"><svg aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"32\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M228,104a12,12,0,0,1-24,0V69l-59.51,59.51a12,12,0,0,1-17-17L187,52H152a12,12,0,0,1,0-24h64a12,12,0,0,1,12,12Zm-44,24a12,12,0,0,0-12,12v64H52V84h64a12,12,0,0,0,0-24H48A20,20,0,0,0,28,80V208a20,20,0,0,0,20,20H176a20,20,0,0,0,20-20V140A12,12,0,0,0,184,128Z\"><\/path><\/svg><\/span><\/a>. Banks may also offer these services on the basis of their EU banking license. The DNB register lists all service providers operating in the Netherlands with a license for PSD2 payment service 7 or 8.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.betaalvereniging.nl\/en\/association\/nfps\/\" type=\"page\" id=\"4057\"><strong><u>National Forum on the Payment System (NFPS)<\/u><\/strong><\/a> has drawn up <em>good practices<\/em> for account information services in the Netherlands.<\/p>\n\n\n\n\t<div data-name=\"acf\/buttons\" class=\"mt-4 lg:mt-6\" >\n\t\t\n\t\t<ul class=\"flex flex-wrap gap-2 md:gap-6\">\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\n\n\n\n<a\n\tdata-variant=\"outline\"\n\tdata-size=\"default\"\n\tclass=\"group inline-flex justify-center items-center gap-2 cursor-pointer text-sm md:text-md transition-[background,border-color,color] font-bold px-4 md:px-5 min-w-[52px] md:min-w-[60px] min-h-[52px] md:min-h-[60px] bg-transparent rounded-full border-2 border-base-500 text-base-500 underline-fade-in hocus:bg-base-500 hocus:border-base-500 hocus:text-white\"\n\n\t\n\t\t\thref=\"https&#x3A;&#x2F;&#x2F;view.officeapps.live.com&#x2F;op&#x2F;view.aspx&#x3F;src&#x3D;https&#x25;3A&#x25;2F&#x25;2Fwww.dnb.nl&#x25;2Fmedia&#x25;2Fhenocdj5&#x25;2Ftoelichting-good-practice-rekeninginformatiedienstverlening-in-nederland-_tcm46-388943.docx&amp;wdOrigin&#x3D;BROWSELINK\"\n\t\n\t\t\ttarget=\"_blank\" rel=\"noopener\"\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t>\n\t\n\t\t\t<span data-button-text>\n\t\t\tExplanation of good practices for account information services in the Netherlands\n\n\t\t\t\t\t\t\t<span class=\"sr-only\">Opent in een nieuw venster<\/span>\n\t\t\t\t\t<\/span>\n\t\n\t\t\t\t\t\t<span class=\" flex items-center justify-center w-[1em] h-[1em] icon \" aria-hidden=\"true\">\n\t\t\t<svg aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"32\" fill=\"currentColor\" viewBox=\"0 0 256 256\"><path d=\"M216.49,79.52l-56-56A12,12,0,0,0,152,20H56A20,20,0,0,0,36,40V216a20,20,0,0,0,20,20H200a20,20,0,0,0,20-20V88A12,12,0,0,0,216.49,79.52ZM160,57l23,23H160ZM60,212V44h76V92a12,12,0,0,0,12,12h48V212Zm100.49-60.49a12,12,0,0,1,0,17l-24,24a12,12,0,0,1-17,0l-24-24a12,12,0,0,1,17-17L116,155V124a12,12,0,0,1,24,0v31l3.51-3.52A12,12,0,0,1,160.49,151.51Z\"><\/path><\/svg>\n\t\t<\/span>\n\n\t\t\t\n\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Berlin Group<\/h3>\n\n\n\n<p>Banks have digital \u2018gateways\u2019 for third parties to access payments accounts. The <a href=\"https:\/\/www.berlin-group.org\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><u>Berlin Group<\/u><\/strong><span class=\"sr-only\">(opens in new window)<\/span> <span class=\"icon inline-block ml-1 w-[0.875em]\" aria-hidden=\"true\"><svg aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"32\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M228,104a12,12,0,0,1-24,0V69l-59.51,59.51a12,12,0,0,1-17-17L187,52H152a12,12,0,0,1,0-24h64a12,12,0,0,1,12,12Zm-44,24a12,12,0,0,0-12,12v64H52V84h64a12,12,0,0,0,0-24H48A20,20,0,0,0,28,80V208a20,20,0,0,0,20,20H176a20,20,0,0,0,20-20V140A12,12,0,0,0,184,128Z\"><\/path><\/svg><\/span><\/a> ensures the standardization of these gateways with the <strong>NextGenPSD2 API<\/strong>.<\/p>\n\n\n\n<p><strong>The Dutch Payments Association<\/strong> has been closely involved in the development of this framework from the outset. As a result, the <strong>NextGenPSD2 standard<\/strong> is now used by all banks in the Netherlands. The association is a member of the Berlin Group and part of the Open Finance working group. Together with our members, we contribute to the further development of European standards for open banking.<\/p>\n\n\n\n\t<div data-name=\"acf\/buttons\" class=\"mt-4 lg:mt-6\" >\n\t\t\n\t\t<ul class=\"flex flex-wrap gap-2 md:gap-6\">\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t\t\n\n\n\n<a\n\tdata-variant=\"primary\"\n\tdata-size=\"default\"\n\tclass=\"group inline-flex justify-center items-center gap-2 cursor-pointer text-sm md:text-md transition-[background,border-color,color] font-bold px-4 md:px-5 min-w-[52px] md:min-w-[60px] min-h-[52px] md:min-h-[60px] border-2 border-base-500 rounded-full bg-base-500 text-mint-500 underline-fade-in hocus:bg-mint-500 hocus:border-mint-500 hocus:text-base-500\"\n\n\t\n\t\t\thref=\"https&#x3A;&#x2F;&#x2F;www.betaalvereniging.nl&#x2F;en&#x2F;knowledge-base&#x2F;online-payments&#x2F;open-banking-applied&#x2F;\"\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t>\n\t\n\t\t\t<span data-button-text>\n\t\t\tFind out more about the applications of open banking\n\n\t\t\t\t\t<\/span>\n\t\n\t\t\t\t\t\t<span class=\"transition-transform group-hover:translate-x-2 group-focus-visible:translate-x-2 flex items-center justify-center w-[1em] h-[1em] icon \" aria-hidden=\"true\">\n\t\t\t<svg aria-hidden=\"true\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M21.3105 10.9395L21.4141 11.0537C21.8942 11.6429 21.8596 12.5115 21.3105 13.0605L13.5 20.8711L11.3789 18.75L16.6289 13.5H2.25V10.5H16.6289L11.3789 5.25L13.5 3.12891L21.3105 10.9395Z\" fill=\"currentColor\"\/>\n<\/svg>\n\n\t\t<\/span>\n\n\t\t\t\n\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Open Banking allows a regulated payment service provider to gain digital access to a payments account, provided the account holder gives their consent. This enables service providers to offer new innovative payment and account information services.<\/p>\n","protected":false},"featured_media":1049,"parent":15,"menu_order":0,"template":"","meta":{"_acf_changed":true,"editor_notices":[]},"btv_subject_tax":[13],"class_list":["post-2973","btv_wiki","type-btv_wiki","status-publish","has-post-thumbnail","hentry","btv_subject_tax-european-legislation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Open Banking - Dutch Payments Association<\/title>\n<meta name=\"description\" content=\"Open Banking under PSD2 allows licensed providers to access payments accounts with consent, via secure European API standards.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/open-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Banking\" \/>\n<meta property=\"og:description\" content=\"Open Banking under PSD2 allows licensed providers to access payments accounts with consent, via secure European API standards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/open-banking\/\" \/>\n<meta property=\"og:site_name\" content=\"Dutch Payments Association\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-26T10:55:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/09\/DE-BEELDREDAKTIE-03-134645255-jpg-610x305-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"610\" \/>\n\t<meta property=\"og:image:height\" content=\"305\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NLbetalen\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/open-banking\/\",\"url\":\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/open-banking\/\",\"name\":\"Open Banking - 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