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.

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