European regulation PSD2 (for Payment Service Directive N° 2) requires banks to give access to payment account information as well as payment initiation to authorised third-parties offering services to consenting bank clients.

Authorised third-parties are of two sorts:

  • Account information service providers (AISPs)

  • Payment initiation service providers (PISPs)

iBanFirst hold both AISP and PISP licenses since 2018 and can thus connect to their client's bank accounts with their consent.

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