OPEN-BANKING-EU-PSD2

EU legal Open Banking framework PSD2.

Definition

PSD2 introduces XS2A (Access to Account), Strong Customer Authentication (SCA), Dynamic Linking. Three European technical standards: NextGenPSD2/Berlin Group (dominant), STET (France), Polish API. PSD3 and PSR proposed by EU Commission in June 2023.

Origin

Adopted 25 November 2015 ; applicable 13 January 2018 ; RTS SCA 14 September 2019.

Example in context

A German fintech displays a French client BNP Paribas accounts via STET XS2A API.

Related terms

• Open Banking UK — UK cousin.