🎧 What’s coming with PSD3 and the new Payment Services Regulation (PSR)? – What´s changing in Open Banking. Tune in now!
Open Banking under PSD3 and PSR – what’s changing?
In this episode, Dana Wondra from Payment & Banking talks to Peter Frey, lawyer at Annerton and expert in payment services, about the regulatory changes in Open Banking introduced by PSD3 and the PSR.
The focus is on the relationship between account-servicing banks and third-party providers – particularly account information services (AISPs) and payment initiation services (PISPs). Going forward, more specific requirements will apply: banks must provide APIs, publish technical documentation, set up test environments, and offer their customers a permission dashboard to manage access rights.
At the same time, the rights of third-party providers are being strengthened: account-servicing banks will no longer be allowed to impose additional registration requirements or other access barriers.
Peter Frey also puts these regulatory developments into the broader context of Open Finance: while the upcoming FIDA Regulation will govern access to broader financial data, PSD3 and the PSR remain the key legal framework for accessing payment account data.
About this podcast
Alles Legal – Fintech Recht Kompakt delivers sharp, weekly insights into legal and compliance matters in the world of banking. (in German only)
This podcast is a collaboration between Payment & Banking and PayTechLaw.
Each Wednesday, we unpack the legal developments shaping the financial world – clearly, concisely, and without the legal jargon.
Since 2021, PayTechLaw authors and Annerton attorneys have brought depth and clarity to complex topics.
Whether it’s PSD3, DORA, or FiDA – we provide the legal context you need.
In 20 minutes. No detours.
