Open Finance: Ensure Regulatory Compliance and Turn Change into Growth

Open Finance: Acceleration Meets Complexity 

The evolution from Open Banking (access to payment accounts) to Open Finance (opening up all financial products) is forcing financial institutions to fundamentally rethink how they share, secure, and govern their data within an increasingly demanding regulatory framework.

At Sopra Steria, we see this transformation as a strategic opportunity to strengthen compliance while enhancing efficiency, traceability, and innovation capacity within the ecosystem.

Key Challenges for Market Players 

The new regulatory package initiated by European authorities to implement an Open Finance vision is dense and complex:

  • PSD3 – Focus on payment accounts: Harmonizes current European practices in Open Banking.
  • PSR – Focus on payment accounts: Introduces new transparency requirements (permission dashboards), removes technical obstacles, improves payment efficiency, and strengthens fraud management.
  • FIDA – All financial products: Expands the scope of data to be shared among regulated actors, based on market self-regulated schemes. Introduces the possibility of monetizing APIs.
  • Only 18 months after the adoption of the PSR regulation.
  • 24 months for PSD3.
  • The vote is expected in summer 2025.

7.5% of annual turnover: The potential penalty level for non-compliance under PSR.

  • 36% of adults in France will adopt Open Banking by 2027 (source: Forrester).
  • 49% of French fintechs are developing Open Finance-related solutions (source: Fintech 100).

Financial institutions must respond to these expectations while addressing the technological and cybersecurity challenges of opening financial services. These new market dynamics also create growth opportunities.

Our Support & Value Proposition

Our support ensures effective and secure compliance, while also leveraging Open Finance as a growth driver. We stand by your side both before and after the vote on various regulations:

In less than a month, gain a clear view of your PSR maturity—the new cornerstone regulation for Open Banking. Focus areas: regulatory APIs, permission dashboards, and fraud management. This methodology is designed and delivered exclusively by Sopra Steria.
An exhaustive article-by-article analysis to structure a tailored remediation plan once the regulation is adopted.
Functional and technical deployment of this new PSR requirement.
Effectively remove regulator-identified barriers to ensure optimized and compliant customer journeys.
Use this compliance process as an opportunity to “API-fy” your services and strengthen your ecosystem.

Tangible Outcomes for Your Operations

  • Enhanced security and compliance
  • Increased customer trust
  • Efficient deployment via our accelerators
  • On-time regulatory compliance to avoid sanctions
  • Optimized strategic choices

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PSR Readiness Check

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

Why Choose Sopra Steria?

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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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