The ISO20022 RA (Swift) has been involved since the beginning as have numerous banks from Europe and LOTS of non-card payment methods are represented through their associations or scheme participants.
Part of the challenge is that the standard needs implementors to participate and contribute use cases and designs and users and merchants that use these systems to implement and test them.
The PSD2 ecosystem is also still quite nascent so even though we've had Open Banking UK, STET, Berlin group etc engaged they are still figuring out how their systems will work. These APIs are simply a channel by which their systems will ultimately be used.
I've seen some very good Open Banking demos using the PR API and PH API but they aren't in the market yet.
I'll also confess it is a bit of a chicken and egg situation. They won't prioritize support for these APIs until they see adoption by browsers and up to now Edge and Firefox have been slow to adopt. Edge is now Chromium based and has inherited all of the work already done to implement so that has changed overnight and I believe Firefox are keen to progress but just need to get this work on into their pipeline.
The ISO20022 RA (Swift) has been involved since the beginning as have numerous banks from Europe and LOTS of non-card payment methods are represented through their associations or scheme participants.
Part of the challenge is that the standard needs implementors to participate and contribute use cases and designs and users and merchants that use these systems to implement and test them.
The PSD2 ecosystem is also still quite nascent so even though we've had Open Banking UK, STET, Berlin group etc engaged they are still figuring out how their systems will work. These APIs are simply a channel by which their systems will ultimately be used.
I've seen some very good Open Banking demos using the PR API and PH API but they aren't in the market yet.
I'll also confess it is a bit of a chicken and egg situation. They won't prioritize support for these APIs until they see adoption by browsers and up to now Edge and Firefox have been slow to adopt. Edge is now Chromium based and has inherited all of the work already done to implement so that has changed overnight and I believe Firefox are keen to progress but just need to get this work on into their pipeline.