FCA Wants Banks And Fintechs To Get Together For A Smooth September

The UK’s financial regulator issued a call on Thursday for banks and third-party providers (TPPs) to work together to ensure a “smooth” transition in September, when the regulatory technical standards (RTS) of the revised Payment Services Directive (PSD2) fully kick in.

Banks and other account servicing payment service providers (ASPSPs) across the EU had until Wednesday to cut the ribbon on testing facilities for TPPs to test-drive their application programming interfaces (APIs), or risk losing out on the fallback exemption for access to accounts. 

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.