Open Banking in Belgium

Belgium transposed PSD2 through the Loi du 11 mars 2018, with the National Bank of Belgium (NBB) overseeing compliance and TPP registration. Major Belgian banks including BNP Paribas Fortis, KBC, ING Belgium, and Belfius have implemented open banking APIs.

Belgium's position as the host of EU institutions in Brussels gives it particular significance in European open banking policy. The Belgian market benefits from high internet penetration (94%) and a well-developed banking infrastructure. Belgian banks have generally adopted Berlin Group NextGenPSD2 standards.

The Belgian fintech scene includes players like Bancontact Payconiq Company and Isabel Group, with growing innovation in payment services and financial data aggregation leveraging PSD2 APIs.