Author: fdataros

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UK’s Open Banking Project Expanded

Open Banking Standards to Expand Functionality and Cover all PSD2 Products

The Open Banking Implementation Entity (OBIE), the body set up by the Competition & Markets Authority (CMA) to enable a new, secure way for customers to take control of their financial data and share it with organisations other than their banks, today announces a series of important enhancements to its original scope as set out in the CMA Order (published in August 2016). Read More

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RTS deadline

The Regulatory and Technical Standards (RTS) of PSD2 have been published in the Journal of the EU. This starts the clock on an 18 month compliance timescale, meaning that RTS will be in force on =&0=&. The publication can be viewed here.

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FDATA WELCOMES THE START OF OPEN BANKING

Leading fintech trade association calls launch “the first waypoint on a long journey”

The Financial Data and Technology Association, the leading advocate of open banking in the UK and around the world, has welcomed the parallel implementation of PSD2 across Europe, and the launch of Open Banking amongst the large banks here in the UK. Read More

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