Cornèr Group European entities and NDGIT, provider of the first Open Banking in Switzerland, are now cooperating.
The joint project focuses on technical functionality that provides direct access to third-party service providers (TPPs), under European PSD2 regulation, supporting them with a rich developer portal, test environment and sandbox interfaces powered by NDGIT.
With Cornèr on board, NDGIT strengthens its market position in Switzerland having recently announced other bank cooperations around PSD2 and Open Banking. Using NDGIT’s API platform and specialists, Cornèr is enabled to deliver third-party PSD2 APIs for its Cornèrcard in the UK and Liechtenstein and Diners Club Card Italy.
PSD2 Sandbox live
A dedicated sandbox gives TPPs ‘ready to go’ and regulated entry to Cornèr’s online banking services, in accordance with PSD2: Card Account Information. These can be accessed via the following links:
Thanks to the guides included in the sandbox and Open API documentation, TPPs can access and test the Cornèr’s APIs without any further support of the bank. During the testing phase TPPs simply apply free of charge for a certificate either directly in the sandbox or via the “Bundesdruckerei”.
Cornèr supports the Berlin Group’s NextGenPSD2 pan-European standardization initiative. Like many other banks, it relies on secure and bank-side authentication with a redirect approach (OTP).
“As a Swiss banking group with European entities, we do also support PSD2 in European markets. On top of that we truly believe in a connected future and are happy to collaborate with NDGIT - an Open Banking expert - on the next generation of banking,” says Vittorio Cornaro, CEO Cornèr Group. Oliver Dlugosch, CEO of NDGIT, adds: “Cornèr is a well trusted and cherished business partner. Talks are perceived as inspiring and future driven so we’re looking forward to further projects.”
The NDGIT platform ensures full PSD2 compliance. Its PSD2 standard software is used by more than twenty banks throughout Europe and includes all the services and functions required for PSD2 implementation. Using technologies such as REST (REpresentational State Transfer), SOAP (Simple Object Access Protocol) and OAuth2 (Open Authorization), the solution can be easily integrated into the backend systems of the banks.