Payments and open finance in the EU

The landscape of payments and open finance in the EU is evolving – learn how it’s transforming financial services and driving innovation.

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Featured Thinking

How European banks compare on readiness for EU payments regulations 

Susan Barton 04 Jun. 2024
Close up of a woman's hand paying with her smartphone in a cafe

Major transformation is underway in the European payments industry, with EU regulators rolling out a series of measures designed to enhance consumer protection, increase choice and provide greater control over financial transactions. The EU Payments Package, which includes initiatives such as Payment Services Directive (PSD3), the Payment Services Regulation (PSR) and Financial Data Access (FIDA), is set to significantly impact banks, payment service providers and other financial institutions. These entities must navigate the complexities of the new regulations, understand their effects on business models, and make strategic investments to ensure compliance.

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    How EY can help

    The team

    Andreas Habersetzer

    EY EMEIA Payments Leader; Managing Director, Strategy & Transactions, EY-Parthenon Financial Services GmbH
    Passionate strategic advisor with focus on tangible outcomes. Experienced in payments and tech that enable financial services. Enjoys the view from a mountaintop and time with family and friends.
    Munich, DEU

    Susan Barton

    Director, Financial Services, EY Advisory S.p.A
    Working across borders. Forward thinker. Driver of growth. Multicultural and multilingual. Traveler.
    Milano, ITA

    Christopher Schmitz

    EY EMEIA FinTech Leader, EY EMEIA Strategy and Transactions Innovation Leader, Ernst & Young GmbH Germany Financial Services Innovation Leader
    Strategic advisor in digital transformation and innovation. Connects start-ups and investors. Family person. Wedding and portrait photographer. Passionate coffee roaster. Argentine Tango dancer.
    Eschborn/Frankfurt (Main), DEU

    Dr. Jan Rosam

    EY Germany Financial Services Technology Consulting Leader
    Transformation and technology leader for financial service clients. Passionate about emerging technologies, capital markets, coding and math. Father of two.
    Eschborn/Frankfurt (Main), DEU

    Clément Robert

    Senior Manager, Banking Regulatory Compliance, Ernst & Young Business Advisory Services
    Senior Manager active in payments and sustainability. Strong experience in private banking and fintech. Passionate about sailing and wine.
    Luxembourg, LUX

    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.