EIF Working Paper 2023/94, Open banking and inclusive finance in the European Union: Perspectives from the Dutch stakeholder ecosystem.

This working paper examines the impact of the revised Payment Services Directive (PSD2) and open banking (OB) platforms on inclusive finance in the EU, with a focus on the Netherlands' FinTech ecosystem. While PSD2 aims to enhance financial inclusivity, challenges remain mainly because it was not designed for this purpose. This study identifies key areas for improvement and emphasizes the role of regulators in fostering an inclusive open banking sector in the EU.

This is the second paper resulting from a research project on “Strengthening Financial Inclusion through Digitalisation” (SFIDE), initiated by EIF’s RMA division. The project is funded by the EIB Institute under the EIB-University Sponsorship Programme (EIBURS).  It aims to investigate the potential of technological and financial innovation to increase the efficiency of the inclusive finance sector, through the identification and promotion of best practices.

The EIF Working Papers are designed to make available to a wider readership selected topics and studies in relation to EIF´s business. The Working Papers are edited by EIF's Research & Market Analysis and are typically authored or co-authored by EIF staff or are written in cooperation with the EIF.