Firms have been advised to adhere to principles of safety and security during the transition period leading to the implementation of customer authentication standards under the Payment Services Directive (PSD2).
In Europe, PSD2 is opening up previously inaccessible bank-customer data, with customer consent, to third-party providers, all in an effort to provide consumers with more financial options at the best prices.
The financial aggregator-turned-B2B fintech firm has released a third-party API, giving Nordic banks access to PSD2 data 18 months ahead of schedule.
Sorina Bera, CEO at Allevo says that banks are clearly moving towards best serving their customers in order to keep them. The trend is for regulation to come to the aid of people.
Ali Chamseddine Director Product Management | EMEA Risk Solutions at CyberSource V#PSD2 is a driver for innovation but wont be #Schumpeter’s creative destruction, in the short term at least.
Sergio Monreal Chapinal IT Project Manager at Cetelem, BNP Paribas
Alexis Thieriet Managing Partner at NovitasFTCL
The future of banks depends on the development of FinTech sphere. The main topic about it is the arrival of the PSD2 and open banking in Europe.
As the date for the final implementation of PSD2 is closing by, Tim Richards from Consult Hyperion analyses if retailers, banks, users, are prepared for it.
Lees het rapport Beyond PSD2 compliance, seize the opportunities arising from PSD2, Different StrategiesEY…