Open Banking in Malta

Malta transposed PSD2 into national law, with the Malta Financial Services Authority (MFSA) overseeing compliance and licensing. Malta has positioned itself as a forward-looking financial regulatory jurisdiction, attracting numerous fintech companies seeking EU licenses.

The MFSA's proactive approach to digital finance regulation, including frameworks for blockchain and virtual financial assets, has created a diverse financial technology ecosystem. Major banks including Bank of Valletta, HSBC Malta, and APS Bank provide PSD2 APIs.

Malta's small size but outsized regulatory significance, combined with its EU membership and English-speaking environment, makes it an attractive base for fintech companies building open banking services for the European market.