NCA
RegulatorsNational Competent Authority
Definition
A National Competent Authority is the regulatory body in each country responsible for authorizing and supervising payment service providers under PSD2 and Open Banking regulations. Each EU member state has its own NCA.
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Frequently Asked Questions
What is National Competent Authority?
A National Competent Authority is the regulatory body in each country responsible for authorizing and supervising payment service providers under PSD2 and Open Banking regulations. Each EU member state has its own NCA.
What does NCA stand for in Open Banking?
NCA stands for National Competent Authority. It is a fundamental concept in Open Banking and PSD2 regulations. A National Competent Authority is the regulatory body in each country responsible for authorizing and supervising payment service providers under PSD2 and Open Banking regulations. Each EU member state has its own NCA.
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