In January 2018 the European Directive PSD2 was introduced, by which all European banks are required to provide access to API services that will allow their customers to have access to their banking data through third-party developer applications. This access concerns accounts and services that the Banks already provide to their customers via their electronic delivery channels (Ιnternet and Μobile Βanking). In addition, it covers access to and use of bank account data and account statements, as well as the possibility to carry out money transfers.
The ultimate goal is to develop new innovative services that will enable bank customers to use and exploit their data in a secure way and with a focus on facilitating and speed up their tasks.
PSD2 was incorporated into Greek law under Law 4537/2018 in May 2018, through to autumn 2019.
Subject to the European regulatory framework governing payment services, autumn 2019 (deadline 14.9.2019) marks the date by which Greek banks should be offering access interfaces (API services) that will enable secure communication between the Bank and third-party Providers, such as Account Information Service Providers (AISPs), Payment Initiation Service Providers (PISPs) and Payment Service Providers issuing card-based payment instruments (CBPIIs). Accordingly, and while always maintaining the highest levels of security for our customers, it will be possible for our customers to access their account data and activity, and to carry out money transfers, through third-party apps.
In February 2019, National Bank of Greece made available the functional ability to try out APIs in a test environment for the following services, as per the regulatory framework governing payment services:
- Account Information – AIS
- Payment Initiation - PIS
- Confirmation of Funds – CoF
Since 24 May 2019, NBG has been offering the said API services in a production environment.