Open Banking puts customers in control of their data and money, opening up a multitude of opportunities
Banks are being mandated by Regulators to give access to customer accounts – subject to customer consent – to Third Party Providers (TPPs). Nuapay has developed a comprehensive platform to operate Payment Initiation Services (PISP) and Account Information Services (AISP) and these can also be white-labelled by other PSPs.
With no global standards, communicating with banks can be complex
Whilst accessing banks offers many benefits to businesses, putting the capabilities into practice can be problematic due to the lack of formal standards within the industry. Nuapay provides a common portal irrespective of the target bank.
Nuapay is a registered Payment Initiation Service Provider (PISP) and Account Information Service Provider (AISP), providing an API capability that exceeds regulatory requirements, giving users the ability to deliver improvements in usability, efficiency and security.