Finanstilsynet

Denmark Open Banking Regulator

EU
🏛️
Jurisdiction
Denmark
📋
Regulations
0
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About Finanstilsynet

The Finanstilsynet is the primary financial regulatory authority in Denmark responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: On 4 September 2019, the Danish regulator announced an 18-month implementation period for SCA requirements on online card payments. As a result, we don’t expect banks to fully require SCA for online payments from Danish cards until March 2021.

Jurisdiction

Denmark
View Open Banking providers, banks, and TPPs in Denmark

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in the European Union:

Need to integrate with Open Banking APIs?

Explore our directory of API aggregators and regulations to accelerate your compliance.

Want to integrate Accounting & ERP data?

Connect to 30+ accounting platforms through a single unified API with Apideck.

Explore Apideck Accounting API