Wire · operational-macro
PSD3, FiDA, BaaS: Europe's Open Banking Reset
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Fusion42 · 10 October 2026 · Fusion42 review
The European Parliament, Council, and Commission finalized PSD3 and the Payment Services Regulation (PSR), aimed at harmonizing payment rules and enhancing access by non-bank providers, with PSD3 requiring national transposition by mid-2028. Additionally, the Financial Data Access (FiDA) regulation is progressing, extending open banking to broader financial sectors, while core banking systems and Banking-as-a-Service (BaaS) platforms evolve with cloud-native architectures and AI integration.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You need to prepare for PSD3's harmonised payment rules and stricter compliance deadlines as banks and fintechs align with new EU standards. BaaS platforms making compliance a priority over commoditised access will have a market edge in European financial services.
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1 source · 8 Oct 2026
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