ComplyBridge

Payment Services Directive 3

The Payment Services Directive 3 (PSD3) aims to update and strengthen the existing PSD2 framework, focusing on enhanced consumer protection, fraud prevention, and open banking.

Current Status
REVIEW DUE
Last Review: 2023-12-01
Completion
78%
Critical Tasks
2
Require immediate action
Key Requirements
Essential articles and obligations under PSD3
  • Stronger customer authentication (SCA) measures
  • Improved fraud reporting and liability rules
  • Enhanced data sharing and API standards for open banking
  • New licensing requirements for payment institutions
Ongoing Compliance Tasks
Regular tasks required to maintain PSD3 compliance

SCA Compliance Audit

Semi-annually

Internal audit of Strong Customer Authentication implementation

Next due: 2024-06-30

Fraud Reporting

Quarterly

Submit fraud statistics and incident reports to DNB

Next due: 2024-03-31

API Security Review

Quarterly

Review and test open banking API security measures

Next due: 2024-04-15
Related Tasks
Tasks specific to the PSD3 framework

PSD3 RTS-SCA Compliance Review

Review Strong Customer Authentication requirements

Due: 2024-02-10Assignee: Michael Brown
HIGH