Open Banking

The term Open Banking defines a paradigm in which users can share their banking data with third-party companies (TPPs, Third-Party Providers) specialized in offering innovative services and cutting-edge products to users themselves. Open Banking allows the evolution from the classic “one-to-one” relationship between the customer and the bank to a “one-to-many” relationship based on sharing data between multiple players (the customer, the bank and the TPP) through the use of digital platforms and revenue/profit sharing mechanisms. This new paradigm enables new business models that expand value generation and delivery, going beyond typically vertical value chains.

With the advent of Open Banking, whose genesis is linked to PSD2 (the European directive that regulates payment services and payment service operators to develop a more open and collaborative financial ecosystem), the bank is increasingly integrated with TPPs, with which it shares its customers' data, securely and with prior authorization, via API (Application Programming Interface), to improve or create digital products and services.

Cedacri’s Open Banking project is based on the realization of a proprietary API gateway, which allows participating banks to share their customers’ data with the TPPs in compliance with all necessary regulatory and cyber security standards. Thanks to this infrastructure, qualified TPPs can integrate account information and payment initiation services made available by participating banks, relying on a platform built through the best market technologies and based on European standards such as the “Berlin Group”. Cedacri solution also provides the “bank aggregator” function, which allows the participating bank to assume an “active role” that can facilitate the integration between the TPP and other banks.

The PSD2 API portal, accessible at, represents the entry point to the Open Banking world developed by Cedacri, where the user can consult the technical specifications of the platform and get access to the “sandbox”, an environment in which TPPs can experience all the PSD2 services offered by the participating banks. To access the features provided by the platform, it is required an eIDAS certificate that complies with the PSD2 requirements. This certificate is not required to test functionalities in the sandbox environment.