FCA announces changes to open banking identification requirements

Released 03 November 2020

The FCA has announced changes to limit the risk of disruption to open banking services after Brexit.

The changes will permit UK-based third-party providers (TPPs) to use an alternative to eIDAS certificates to access customer account information from account providers, or initiate payments, after Brexit. Firms must act to ensure they can continue to provide open banking services.

Further information can be found at https://www.fca.org.uk/news/statements/fca-announces-changes-open-banking-identification-requirements.

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