Is Payment Service Directive 2 (PSD2) and Open Banking friend or foe for banks? There are 2 key players influencing change, the European Banking Authority (EBA) who have issued PSD2 and for the UK in addition to PSD2 the Competitions Marketing Authority (CMA) who have issued the Open Banking Initiative. People refer to these two bodies interchangeably, however there are differences. EBA is one of the key stakeholder for the CMA thus the overlap.
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