On 28 June 2023, the European Commission published its long-awaited payment services and financial data access package, aiming to ensure the EU’s financial sector is fit for purpose and capable of adapting to the ongoing digital transformation. The proposal involves amending and modernising the current Payment Services Directive (PSD2), which will become PSD3, and establishing, in addition, a Payment Services Regulation (PSR).
Leveraging on our expertise in adhering to PSD2 through the customisable technical solution of PSD2 for Banks, Finologee remains a steadfast ally in navigating the evolving EU payments landscape. Accordingly, we are monitoring the developments and potential new requirements closely, ready to adjust and offer assistance to financial institutions gearing up for the changes brought about by PSD3 and PSR.