Open Banking in France

France implements PSD2 through the Ordonnance n° 2017-1252, with the ACPR overseeing third-party provider licensing and compliance. French banks, including major groups like BNP Paribas, Société Générale, Crédit Agricole, and BPCE, have implemented XS2A interfaces.

France has developed its own API standard through STET (a French payment infrastructure provider), which is used by most French banks alongside the Berlin Group NextGenPSD2 framework. The STET PSD2 API provides detailed specifications tailored to French banking practices and payment systems.

The French fintech ecosystem is vibrant, with Paris establishing itself as a European fintech hub, especially post-Brexit. Companies like Qonto, Lydia, and Treezor leverage PSD2 APIs for innovative services. The ACPR and Banque de France have been supportive of open banking through regulatory sandbox programs and innovation initiatives. France's large banking market and high digital adoption make it a significant open banking ecosystem within the EU.