EU Strong Authentication Delay Should Cover Open Banking, Fintechs Argue

Fintechs across Europe have joined calls for a delay to September’s strong authentication reforms, urging authorities to show leniency to firms providing third-party payment (TPP) services, as well as those involved in card transactions.

From September 14, regulatory technical standards on security will require two-factor identity checks whenever a customer accesses a payment account through a third party.

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