27

Dec

PRETA invited to join the UK CMA implementation entities’ PSD2 Advisory group

The UK banking industry (and in particular the largest 9 retail banks) has been tasked by the Competition and Markets authority to develop a set of API’s to promote competition and foster innovation. This work has many parallels with the PSD2 Access to account provisions.

The purpose of PSD2 advisory group is to support the work of the UK Competition and Markets Authority Implementation Entity deliver Open Banking. In particular the PSD2 AG has the objective of achieving alignment between the scope of Open Banking and PSD2 and wherever possible to ensure that the solution for Open Banking will align with PSD2 and the Regulatory Technical Standards of the European Banking Authority.”

More information here