Basic information

Open banking is a process of securely sharing financial accounts’ data between banks and third-party providers and initiating payments. It leads to innovation, competition, and efficiency – quick, simple, and secure.

The Second Payment Services Directive (PSD2) provides the legal foundation for the development of open banking, better integrated internal market for electronic payments within the European Union. PSD2 mandates that banks allow a third party to access information from the payment account with the goal of ensuring harmonised rules for the provision of payment services in the EU and a high level of consumer protection.

PSD2 APIs  are primarily intended for the following stakeholders:

1. Third-Party Providers (TPPs)

These are licensed and regulated entities, possessing the specific eIDAS certificate, that can access banking data or initiate payments on behalf of users, provided the user gives explicit consent. You can apply for an AISP/PISP license at your national financial authority. Once you have a valid license, you need to obtain valid TPP certificates for production access.

2. ASPSPs (Account Servicing Payment Service Providers)

These are mainly banks or financial institutions that hold and manage user accounts. Under PSD2, they are required to expose certain functionalities and data via APIs to authorized TPPs, when the user consents.

3. End Users (Consumers and Businesses)

These are not the direct users of PSD2 APIs, but benefit from: greater control over financial data, innovative financial services and potentially lower fees due to increased competition.

If you have a PSD2 licence but don’t want to connect to every bank in Slovenia, we are offering HUB, so you can reach all Slovenian banks with only one connection via openbanking.bankart.si/hub.

If you don’t have a PSD2 licence but have been flirting with the idea of becoming a third-party provider and would rather focus on your core business, we offer our PSD2 AIS licence as a licence-as-a-service model.

Account information services

Account information services (AIS) give consumers and businesses an overview of their financial situation by consolidating information across the different payment accounts they may have with one or more payment service providers.

The Account Information Service offers the following services:

• transaction reports for a given account or card account, including balances if applicable.
• balances of a given account or card account,
• a list of available accounts or card accounts,
• account details of a given account or card account or of the list of all accessible accounts or card accounts relative to a granted consent.

Payment initiation services

Payment initiation services (PIS) help consumers make online payments and inform the merchant immediately of the payment initiation, allowing for the immediate dispatch of goods or immediate access to services purchased online.

The Payment Initiation Service offers the following services:

• initiation and update of a payment request,
• status information of a payment.

ATM Information

»ATM information« offers two API calls which provide to the user retrieving of information of all ATMs included in the Bankart network, as well as supported services and the status of each ATM.

Currency Exchange Calculator

»Currency Exchange Calculator« offers an API call which provide to the user retrieving of information of the currency exchange rate.

Merchant API

»Merchant API« offers two API calls that provide to the user the retrieval of information of list of reports available for download as well as the download of the file that the user selects by calling the first method.