A more seamless way to reauthenticate in the UK is coming

The UK's Financial Conduct Authority (FCA) has altered the 90-day reauthentication rules, aiming to improve end users' experience. With this change, instead of re-authenticating with their bank, end users will only need to re-consent with the Third Party Provider (TPP), such as Plaid. This rule change is effective from September 30th, 2022, and applies to TPPs and banks in the UK regulated by the FCA. The upcoming change in Europe extends the current 90-day consent period to 180 days but does not alter the end user experience as they continue re-authenticating directly with their bank.