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. 

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