TrueLayer has introduced a PSD2-compliant Payments API. The API enables transfer of funds directly from bank account to bank account. It uses active authentication for the highest possible security, and transferred funds are received instantly. The API is currently in beta testing.
The UK Government has taken a step closer to realizing an open banking framework with the announcement of a series of measures by the Competition and Markets Authority that are designed to encourage UK banks to “work harder for customers” by forcing an open banking model on the industry.
Payments NZ, a governance organization that helps oversee New Zealand's payments system, has announced a pilot of two new open banking APIs. One will allow developers to access account data and the other will allow developers to connect directly to banks to make credit payments.