PSD2: Sandbox Available — Let’s get started!

By Guido van der Laan & Koen Adolfs

On February 7th, we published the documentation of our Account Information and Payment Initiation APIs. Today we are also launching the Sandbox on which you can experiment, develop and test your application for the PSD2 Services!

Using the Sandbox, you can submit API requests and receive realistic responses that reflect the production environment. Please register yourself — if not already done so — and benefit of the capabilities to improve the quality of your proposition!

We enable you to build exciting integrations with the bank. What will you build? Let’s innovate finance!

PSD2 Explained

A number of changes will take place in the area of payment services. These changes relate to a new European directive PSD2 (Payment Services Directive). One of the main objectives of PSD2 is to boost competition and innovation in the area of payment services.

The most significant change for ABN AMRO customers is that they will be able to give licensed third parties access to their current accounts. For the customer, this will enhance convenience or create new experiences.

Alongside banks, other companies and organisations will be able to access account information and initiate payment services. This can only be done with permission of the customer.

Please note that when you require access as a third party service provider to ABN AMRO accounts, you need a PSD2 license from a local competent authority. In the Netherlands, this is ‘De Nederlandsche Bank’ (DNB). If you require access to accounts in other countries, you need a license in that country as well.

Account Information

Do your customers want to have aggregated financial information or an overview of their balances from accounts held at different banks? Do you want to build an application or website that solves problems like these for your customers? Then Account Information is the API you need.

With the Account Information API you can:

  • Automatically retrieve transactions and balance information
  • Create remarkable client experiences
  • Provide valuable insights to your users
  • Reduce manual steps needed for data gathering processes

Payment Initiation

Do your customers want to initiate payments from your application or do they want to use one bank application for several banks? Do you want to build an application or website that solves problems like these for your customers? Then Payment Initiation is the API you need.

With the Payment Initiation API you can:

  • Send in payment instructions directly from your application or website
  • Create remarkable client experiences
  • Reduce manual steps needed for payment processes

Confirmation on the Availability of Funds

Do your customers want to verify if a certain amount is available on a bank account when a card-based payment transaction is initiated? Do you want to build an application or website that solve a problem like this for your customers? Then Account Information is the API you need.

We are looking forward to seeing what you create!

About the authors:

Guido van der Laan, Product Owner PSD2 & Corporate Banking APIs
Guido has a passion for developing new products. As Product Owner, his goal is twofold: to maximise client value and minimise time-to-market. He and his team deliver innovative solutions that meet clients’ needs — not only for PSD2, but also for ABN AMRO Corporate Banking. He is looking forward to working with developers on new propositions based on his team’s APIs.

Koen Adolfs, Product Owner Open Banking
Over the course of his career, Koen has developed a taste for change, strategy and digital innovation. After focusing on the Internet and Mobile, he started specialising in APIs when PSD2 was in the make. As the Product Owner for Open Banking, Koen and his team are responsible for ABN AMRO’s API platform, supporting the business lines in formulating their vision and enlarging the developer community.