Feuding Banks And Fintechs Reach Agreement Over PSD2 Account Access

Industry associations representing banks and third-party providers (TPPs) across the EU have reached an agreement over account access designed to minimise customer detriment once new rules take effect in September.

Three banking industry groups and two bodies representing third-party providers issued a joint statement on Friday laying out high-level cooperation on account access by TPPs, as well as communicating the impact of regulatory changes to merchants and lobbying national authorities.

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