Fintech Insider Podcast by 11:FS cover image

755. News: PSD3 unveils plans to shake up Open Banking

Fintech Insider Podcast by 11:FS

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PSD2 and the ECB Rate

The three things that mattered that came out in PSD3 were transparency in cross-border pricing, improved open banking and direct access to central bank payment systems for non-banks. Nasek: For the market to actually want to take the initiative and drive this forward, the model has to be right. The incentives have to be there completely agree. And maybe we can get there through consumer advocacy rather than regulatory change onto direct access.

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