Banks, fintechs must learn to get along in order to survive regulation – report

A report has urged banks and fintechs to come together and collaborate, stating that it is their best chance of survival amidst a changing regulatory environment. The reasoning behind this outlook is in part due to the incoming Second Payment Directive (PSD2) from the EU next year. PSD2 is a major policy development for the payments industry that will seek to regulate payment services and providers.

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