CBI Globe expands the integration and efficiency of Italy’s payments market

Consorzio CBI partners with IBM to create the CBI API implementation guidelines, compliant with the PSD2, fundamental to develop the CBI Global Open Banking Ecosystem, or CBI Globe, a gateway to open banking that offers centralized PSD2 services for consortium members. Banks in the role of account servicing payment service providers can use the platform to identify and connect to other banks, fintechs and third parties offering payment and information services. This could potentially bring down the PSD2 compliance costs by 40 percent.