Open Banking

Open Banking uses the new generation of payment solutions under the EU‘s payment services directive (PSD2). This means that the bank permits a third party supplier to make payments via APIs and load account information on your behalf. This permission is signed through mobile BankID when the function is activated in Monitor ERP. The permission is personal and does not allow other users (without access to the bank) to access the service. The third-party supplier of the service is Open Payments and they are licensed under the supervision of a competent authority in the EU/EES.

Payments via Open Banking can only be made from your bank account in the local currency, however you can send both national and international payments in the same payment flow. To make international payments via Open Banking, the Global Pay function needs to be activated. Read more about Global Pay here.

Please note! SEB and Nordea do not currently support countersigning of PSD2 payments via online/internet banking. If you need to countersign via SEB/Nordea or make an international payment through a currency account, we recommend File pay (ISO).

To see which services are supported for your bank please see the feature overview here.