Author: Open Banking Europe

open banking

Open Banking Europe and the European Third Party Providers Association Sign a Mutual Cooperation Agreement

Today Open Banking Europe (OBE) and the European Third Party Providers Association (ETPPA)  announced a Mutual Cooperation agreement had been signed to foster collaboration, enhance industry understanding and establish a framework for sharing information between the two organisations. 

The Mutual Cooperation Agreement formalises and strengthens the interaction and existing relationship  between OBE and the ETPPA at a strategic level, focusing on providing guidance and clarification on the  operational aspects of PSD2 in Europe. 

Both parties will work together on activities relating to TPP services under PSD2 Open Banking. This comprises research, statements, documents and webinars, as well as outreach to other organisations within  the Open Banking ecosystem. 

The agreement also provides for continued strengthening of future cooperation between OBE and the  ETPPA in achieving common goals that will increase stability and help accelerate the Open Finance journey. 

John Broxis, Managing Director, Open Banking Europe, stated: “This agreement builds on the  extraordinary work we have done with the ETPPA in understanding the needs and concerns of TPPs, and  bringing these to the attention of regulators and banks so that the successful implementation of Open  Banking in Europe can continue”. 

Ralf Ohlhausen, Chairman, ETPPA, commented, “Our cooperation with OBE over the past few years has  been very fruitful already and we would like to strengthen this further given the many outstanding issues  around Open Banking and the need for applying the lessons learned to Open Finance”. 

Source: Open Banking Europe

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