BaFin

Germany Open Banking Regulator

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

About BaFin

The BaFin is the primary financial regulatory authority in Germany 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 21 August 2019, the German regulator announced a temporary enforcement extension for German cards. Although they will not enforce SCA by 14 September, the exact length and scope of the delay has not yet been defined.

Jurisdiction

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

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

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