German Banks And Fintechs Agree To Combine Efforts On PSD2 Account Access

Germany’s payments regulator has endorsed a new collaborative effort by the country’s banks and fintechs to cooperate on the rollout of the third-party account access regime mandated by the revised Payment Services Directive (PSD2).

The country’s Federal Financial Supervisory Authority, BaFin, published a statement on Wednesday from four banking associations and four groups linked to third-party providers (TPPs), committing the signatories to efforts to ensure that the pro-competition rules are executed successfully by firms.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial