The Impact of PSD3: Navigating Europe’s Next Big Fintech Shift
PSD3: A Turning Point for European Fintech
The European fintech ecosystem is undergoing a major shift with the introduction of PSD3, the next evolution of the EU’s Payment Services Directive. Building on PSD2’s foundation, PSD3 aims to tighten compliance, bolster fraud protection, and redefine open banking in an increasingly digital economy.
Why PSD3 Matters Now
With European digital payments expected to hit $3.6 trillion by 2025, PSD3 arrives at a crucial time. It seeks to fix PSD2’s gaps, especially around fraud, data privacy, and embedded finance. The goal? Balance security, consumer protection, and innovation.
A New Era for Consumer Data
PSD3 refines how consumer data is accessed and shared. While PSD2 opened the gates to third-party access, PSD3 introduces stronger controls and authentication rules. For fintech firms, this raises key concerns:
https://fintecbuzz.com/psd...
PSD3: A Turning Point for European Fintech
The European fintech ecosystem is undergoing a major shift with the introduction of PSD3, the next evolution of the EU’s Payment Services Directive. Building on PSD2’s foundation, PSD3 aims to tighten compliance, bolster fraud protection, and redefine open banking in an increasingly digital economy.
Why PSD3 Matters Now
With European digital payments expected to hit $3.6 trillion by 2025, PSD3 arrives at a crucial time. It seeks to fix PSD2’s gaps, especially around fraud, data privacy, and embedded finance. The goal? Balance security, consumer protection, and innovation.
A New Era for Consumer Data
PSD3 refines how consumer data is accessed and shared. While PSD2 opened the gates to third-party access, PSD3 introduces stronger controls and authentication rules. For fintech firms, this raises key concerns:
https://fintecbuzz.com/psd...
10:19 AM - Jun 24, 2025 (UTC)
