German banking is in such a bad place right now, because of, mildly put, overregulation by the EU.
In reality it's them trying to create arbitrary markets.
You can no longer use the old API that worked well, where you login once and can do whatever.
Every single action now has to be authorized with an OTP ( tan ).
If you're building a shop and would like to automate payments, incoming or outgoing, you can't do that anymore without a) exposing your account data to 3rd parties and b) for free.
This is one of the reasons why I say that the EU is corrupt.
Ok so I tried to play their game, and asked the BAFIN what I had to do in order to become such an entity.
I wrote 5 mails back and forth over the course of 3 months, not a single response had clear, concrete instructions on who to wrote to and what to send them.
I had to read some hard to find article about PSD2 to know that I have to pay the Bundesdruckerei for a certificate, x509, every year, in order to be able to query the XS2A api.
It's dirty, exclusive and corrupt and no one is doing anything about it.
This is one of the reasons why I say that the EU is corrupt.
Ok so I tried to play their game, and asked the BAFIN what I had to do in order to become such an entity. I wrote 5 mails back and forth over the course of 3 months, not a single response had clear, concrete instructions on who to wrote to and what to send them.
I had to read some hard to find article about PSD2 to know that I have to pay the Bundesdruckerei for a certificate, x509, every year, in order to be able to query the XS2A api.
It's dirty, exclusive and corrupt and no one is doing anything about it.