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.
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“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.
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