The European Commission (EC) has carried out inspections on Dutch and Polish banking associations to determine whether they are restricting non-banking providers from gaining access to customer account data.
The Commission said that the probe would assess whether the companies flouted EU antitrust rules by abusing their market dominance or serving as cartels.
Go deeper with GlobalData
“These alleged anti-competitive practices are aimed at excluding non-bank owned providers of financial services by preventing them from gaining access to bank customers’ account data, despite the fact that the respective customers have given their consent to such access,” EC said in a statement.
However, the Commission also stated that the probe launched does not imply that the firms are guilty of anti-competitive conduct.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
