Konsentus has launched an analysis tracker to monitor the progress of Open Banking across the European Economic Area.
November analysis shows that since the implementation of the PSD2 Regulatory Technical Specification for Strong Customer Authentication and Common Secure Communications, growth of Third-Party Providers across the EEA has steadily increased.
What is evident from the data however is that passporting adds a new dimension. Every country across the EEA now has TPP coverage for the first time. Is the market ready and have Financial Institutions ensured they have the required solutions in place to meet demand?
Mike Woods, CEO Konsentus said “We’ve seen a real shift over the past few months. It now doesn’t matter which country you’re in, all Financial Institutions across the EEA need to be ready to let legitimate TPPs access payment user account data – those that aren’t are putting their customers at risk”.
For the full analysis, visit https://www.konsentus.com/white-papers/konsentus-tpp-analysis-november-2019.
Konsentus will be publishing updated TPP figures monthly. To keep informed, follow @Konsentus or visit https://www.konsentus.com/.