{"id":12988,"date":"2019-06-12T07:40:12","date_gmt":"2019-06-12T07:40:12","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12988"},"modified":"2019-06-12T07:40:12","modified_gmt":"2019-06-12T07:40:12","slug":"41-of-eu-banks-fail-to-meet-important-psd2-deadline","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/41-of-eu-banks-fail-to-meet-important-psd2-deadline\/","title":{"rendered":"41% of EU banks fail to meet important PSD2 deadline"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A survey of 442 European Union (EU) banks conducted by the Swedish open banking platform Tink has found that 41% of EU banks have failed to provide a testing environment or sandbox for third-party service providers by the deadline set by the EU\u2019s Second Payment Services Direction (PSD2). It is worth noting that the number of banks fulfilling this requirement exceeded 80% in Belgium, Germany, Finland and Sweden. The number of banks fulfilling this requirement in Denmark, France, Norway and Spain banks was well below 50%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These results have many involved in getting open banking off the ground in the EU concerned that the next deadline in September will also not be met by many banks, meaning increased costs for many third-party service providers, possible fines for banks and increased barriers to providing consumers with the better services they expect and demand.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-12988 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Competition to Serve SMEs\u2019 Financial Needs Growing'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/competition-to-serve-smes-financial-needs-growing\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/07\/d587cdde-d5d0-06ca-6285-222dbb94b4211-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-16196\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16196'>\n\t\t\t\tCompetition to Serve SMEs\u2019 Financial Needs Growing\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Silk Way Bank facilitating VAT refunds using a mobile app'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/silk-way-bank-facilitating-vat-refunds-using-a-mobile-app\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-7010\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-100x100.jpg 100w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app.jpg 662w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7010'>\n\t\t\t\tSilk Way Bank facilitating VAT refunds using a mobile app\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='European payment provider launches open banking platform'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/european-payment-provider-launches-open-banking-platform\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/european-payment-provider-launches-open-banking-platform-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12978\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12978'>\n\t\t\t\tEuropean payment provider launches open banking platform\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A survey of 442 European Union (EU) banks conducted by the Swedish open banking platform Tink has found that 41% of EU banks have failed to provide a testing environment or sandbox for third-party service providers by the deadline set by the EU\u2019s Second Payment Services Direction (PSD2). It is worth noting that the number &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[198,10],"tags":[287,70,75],"class_list":["post-12988","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-europe","category-fintech","tag-open-banking","tag-payments","tag-regulation","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=12988"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12988\/revisions"}],"predecessor-version":[{"id":12989,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12988\/revisions\/12989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13020"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=12988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=12988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=12988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}