SBS upgrades SBP platform to boost digital payments

By Vriti Gothi

SBS has unveiled a new version of its SBP Open Banking Platform, introducing expanded regulatory coverage and digital payment capabilities aimed at helping banks navigate Europe’s rapidly evolving financial ecosystem.

The cloud-native SaaS platform is designed to support next-generation services such as Wero, the European Payments Initiative’s (EPI) digital wallet, while preparing institutions for upcoming regulatory changes, including PSD3, FIDA and the Digital Euro.

The upgrade comes as European banks face increasing pressure to modernise legacy systems, streamline compliance workflows and meet rising customer expectations for embedded finance. By adding interoperability with frameworks such as FDX in the US, PSD3 PSR1 (aligned with Berlin Group v2), and credit insights powered by partners like Algoan, SBS positions the platform as a unified orchestration layer for Open Banking and digital payments.

A key component of the release is end-to-end Wero connectivity. SBP acts as an intermediary between banks’ core systems and EPI’s central services, enabling compliant rollout of the digital wallet across Belgium, France, the Netherlands and Germany. SBS says the platform removes the complexity of maintaining custom-built integrations as EPI’s roadmap evolves, allowing banks to deploy Wero either as a standalone offering or embedded within existing digital channels.

The platform also expands into credit intelligence, supporting use cases including leasing and BNPL while enabling alignment with the Digital Consumer Credit Directive (DCC2). According to SBS, this broadening of services helps institutions monetise Open Banking while addressing stricter regulatory expectations around affordability and data-driven credit decisions.

Early adopters across Europe and North America are already using the next-generation platform to accelerate their Open Banking and Wero initiatives, reflecting heightened industry interest in modular, compliance-ready infrastructure that unifies disparate standards.

“We’re helping banks turn regulatory change into opportunity,” said Nicolas de Genot, Open Banking Lead Product Manager at SBS. “With Wero integration, expanded regulatory coverage, and new standards like FDX and Berlin Group V2, institutions can deliver innovative services faster, securely, and at scale, without the burden of ongoing compliance and updates.”