The Impact Of Eu Legislative Regulations On Accelerating The Digitalization Of Banking Services

The digital transformation of the European banking sector results from the connection between technological advancements and regulatory interventions aimed at ensuring financial stability, consumer protection, and the promotion of innovation. This article examines the convergent impact of key regulations on the banking business model, technological infrastructure, and customer relationships. The PSD2 Directive has laid the groundwork for the development of open banking, prompting financial institutions to reposition themselves in relation to new actors within the fintech ecosystem. The eIDAS Regulation has contributed to establishing a trusted framework for the use of electronic identity and trust services, thereby facilitating process automation and digital onboarding. The requirements imposed by the Basel III Accord have accelerated the adoption of advanced technological solutions for managing systemic risks and enhancing the resilience of financial institutions. The GDPR Regulation has introduced new standards for data governance, with significant implications for the collection, storage, and use of personal information. Moreover, the proliferation of regulatory sandbox environments has provided an experimental framework that supports the testing and validation of financial innovations in a controlled setting, fostering a flexible and adaptive approach to regulation. The paper proposes an integrative perspective on these factors, highlighting the role of regulation as a strategic driver of digital transformation in banking.