The House is a best-practice suite of IT functions to carry out the work of a PI
The House is the total sum of functionality required in order to run a Payment Institution on a Best Practice basis.
This is not to say that all these functions must be carried out with the support of an IT application. Nevertheless the concept of the House is that there is an example IT architecture in which the applications work together to produce the desired results.
The House has a Floorplan of the functions that need to be carried out – each room is an area of functionality. We have asked our IT partner organisations to tag each room which their application can furnish.