Payment Services Regulation (PSR): Anticipate regulatory change and turn compliance into action

Open Banking: acceleration meets complexity

European payment regulation is evolving with the PSR and PSD3. For banks, this means reviewing several key areas: API quality, third-party access management, authentication journeys, consent dashboards and fraud prevention mechanisms.

The challenge is not only regulatory. Banks need to quickly identify the gaps between their current setup and future requirements, prioritise the actions to be launched, and secure their compliance roadmap before the regulation becomes applicable.

With the PSR Readiness Check, Sopra Steria helps banks assess their level of preparedness in 4 to 5 weeks, identify the main compliance gaps and prioritise the actions required to address future PSR requirements.

Key Challenges for Market Players

The new European regulatory framework aims to streamline payment journeys and remove the barriers that still prevent Open Banking from reaching its full potential:

PSD3, which strengthens the institutional framework applicable to payment service providers: licensing, supervision, governance and user protection.
PSR, which introduces directly applicable rules for payment services, with concrete impacts on APIs, authentication journeys, consent dashboards, fraud prevention and the removal of obstacles to Open Banking.

PSR is expected to become applicable 21 months after its entry into force, with the general application deadline expected around H1 2028 if publication in the Official Journal takes place in 2026.
Non-compliance with key requirements may result in penalties of up to 10% of consolidated annual turnover.

36% of adults in France are expected to adopt Open Banking by 2027.
49% of French fintechs are developing Open Finance-related solutions.

The growth of Open Banking creates a dual challenge for banks: complying with new PSR obligations while maintaining simple, secure and high-performing customer journeys.

Our Support & Value Proposition

Sopra Steria supports banks in preparing for PSR, from a rapid maturity assessment to the framing and implementation of priority workstreams: regulatory APIs, consent dashboard, fraud, SCA and Open Banking journeys.

Assess your level of preparedness for PSR in 4 to 5 weeks, identify the main compliance gaps and prioritise the workstreams to be launched.

Conduct a detailed article-by-article analysis of PSR requirements to build a complete remediation plan aligned with your business, IT, compliance and fraud challenges.

Frame, design or integrate the consent dashboard required by PSR, taking into account accessibility, transparency and third-party access management requirements.

Assess and strengthen your regulatory APIs to meet requirements on performance, availability, monitoring and the removal of obstacles to Open Banking.

Analyse the impacts of PSR on your transaction monitoring, refund processes, Strong Customer Authentication and fraud prevention mechanisms.

Tangible Outcomes for Your Operations

A rapid diagnosis of your level of preparedness for PSR
Identification of the priority compliance gaps to address
A clear roadmap to launch remediation workstreams
Concrete recommendations on APIs, consent dashboard, fraud and SCA
A decision-making basis for compliance, payment, IT and digital teams

Discover more

May 13, 2025

PSR Readiness Check

Anticipate PSR implementation now !
Sopra Steria - Your partner for controlled and accelerated compliance.

Triple Expertise
Business, regulatory, and technological—We speak your business language while mastering regulatory and IT complexity.

Ready-to-Use Deliverables & Customizable UX Prototypes
Accelerate your time-to-compliance.

Exceptional Cybersecurity and Compliance Standards
Your compliance is our priority.

Results-Oriented Approach
Each engagement is well-scoped, measurable, and aligned with your business goals.

A Long-Term Partnership
We support you well beyond initial compliance.

Open Finance in Europe: challenges and perspectives

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