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Automated open banking API testing solution launched by FIME

SAN JOSE, CA (July 16, 2019) — FIME has announced the availability of TrustAPI, a fully automated test tool for open banking APIs. Banks and Third-Party Providers (TPPs) can now quickly verify APIs against PSD2-compliant standards, fast-tracking the launch of open banking services.

The test suites are powered by the newly-launched FIME Test Factory 4.0, enabling automation, digitalization and customization of the open API testing process.

TrustAPI supports testing in-line with the STET – a major European automated clearing house – open-access API standard. Work is also underway to incorporate other standards into the test library, including the Berlin Group’s NextGenPSD2 and the Open Banking UK (OBUK) API standards. Fully customizable and user-friendly, the tool enables players to quickly test APIs in-line with specific needs and business requirements. Users can also validate against multiple API standards and PSD2’s third party access to account (XS2A) requirements.

“Open banking API standards are proving increasingly popular to efficiently achieve regulatory compliance, interoperability and safe data transfer,” comments Reza Rahmani Fard, Head of Payments Marketing at FIME. “This industry-first test platform is smoothing the path to open banking. Harnessing the power of these standardization efforts, we’re enabling stakeholders to deliver new open-access services quickly and cost-effectively – without compromising on quality.”

FIME’s experts are supporting several open banking standardization initiatives. FIME is helping STET create its standard open-access API and participating in the Berlin Group’s NextGenPSD2 task force. It’s also working with banks and TPPs across the world to define, design, deploy and validate their open API strategy. Find out more about how we can support your projects here. 


About FIME

FIME is a leader in secure transaction testing, with more than 20 years of experience in managing risk, accelerating time to market and ensuring the quality and security of its customers’ payment and transport products and services. FIME’s global reach combines with expert teams to give customers the tailored consultancy, solution engineering, automated test platforms and certification services they need throughout every stage of digital transformation projects. Its experts collaborate with the entire ecosystem - from the payment networks and industry bodies, right through to vendors - enabling its customers to understand and overcome their technical and commercial challenges INFOGRAPHIC ALL OVER THE WORLD  |  REFERENCES  |  ACCREDITATIONS  |  MEMBERSHIPS  |  PARTNERS  |  DISTRIBUTORS

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Contacts

Elisabeth Dean elisabeth@iseepr.co.uk or Chloe Smith chloe@iseepr.co.uk  at iseepr + 44 (0) 113 350 1922

Stéphanie Pietri stephanie.pietri@fime.com at FIME

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