Throughout history, banking has remained a closed industry, monopolizing the majority of other financial services. Total digitalization has brought changes to the industry. FinTech gives users the right to choose an alternative. However, the PSD2 directive adopted in the European Union goes even further. It will disrupt the banking industry, completely changing the rules of the game through massive competition.
Sourced through Scoop.it from: www.finextra.com.convey.pro