---
term: "NextGenPSD2"
category: "Open banking and open finance"
url: https://agenticopenfinance.com/glossary/nextgenpsd2
source: AgenticOpenFinance glossary
---

# NextGenPSD2

> The Berlin Group's common API framework for access to accounts under PSD2, used widely in the European Union.

NextGenPSD2 is the Berlin Group's common API framework for access to payment accounts under PSD2, covering account information, payment initiation and confirmation of funds. It is used by many banks across the European Union, often with national variations, to provide the dedicated interface that PSD2 requires. Agent builders working with European banks will usually meet it, directly or through an aggregator.

Related terms: [Open banking](https://agenticopenfinance.com/glossary/open-banking.md), [UK Open Banking Standard](https://agenticopenfinance.com/glossary/open-banking-standard.md), [Account information service](https://agenticopenfinance.com/glossary/account-information-service.md), [Payment initiation service](https://agenticopenfinance.com/glossary/payment-initiation-service.md)