Now You Can Enjoy 180 Days of Secure Connectivity in Europe
Blog post from Plaid
The FCA's regulatory technical standards (RTS) for European Union countries have been revised to extend the 90-day "reauthentication rule" to a period of 180 days, allowing end users to enjoy secure connectivity with fintech applications and services without frequent interruptions. This change enables users to experience fewer disruptions while maintaining control over their shared data. The update differs from the UK's re-authentication process, which now allows Third Party Providers like Plaid to handle consent management. The adjustments took effect on December 5th, 2022, with account servicing payment service providers required to conform by July 25th, 2023, and Plaid updated its systems accordingly to enable EU customers to benefit from the change.
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