Fintech SBS has upgraded its open banking platform to enable banks to integrate the European Payments Initiative’s Wero digital wallet.
Launched to tap into the potential of account-to-account (A2A) payments, the EPI’s Wero has already engaged tens of millions of users across its initial markets. The cloud-native, SaaS SBP open banking platform serves as an orchestration layer between EPI central services and a bank’s core systems, ensuring compliance with the EPI roadmap in regions such as Belgium, France, the Netherlands, and Germany.
SBS emphasizes that while custom-built integrations with EPI might appear straightforward, they often encounter challenges in compliance and adaptation to the evolving roadmap. SBS mitigates this complexity, allowing banks to launch Wero as a standalone service or integrate it within existing digital experiences without the burden of ongoing maintenance.
The updated open banking platform also introduces support for FDX and PSD3 PSR1, along with upcoming frameworks like FIDA and Digital Euro. Nicolas de Genot, open banking lead product manager at SBS, states, “With Wero integration, expanded regulatory coverage, and new standards such as FDX and Berlin Group V2, institutions can deliver innovative services faster, securely, and at scale, all without the ongoing compliance burden.”