Austria Grants Open Banking Delay Over 'Deficient' APIs

Austria regulators have announced they will delay enforcement of impending account access reforms and allow screen scraping to continue, in a last-minute reprieve for third-party providers.

The Financial Market Authority (FMA) said on Wednesday that “deficiencies” in the account access interfaces offered to third-party providers by banks have meant it cannot approve any for use by September 14, when rules on strong authentication under the revised Payment Services Directive (PSD2) take effect.

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