EU banks face uncertainties over open banking promoted by PSD2

EU banks face uncertainties over open banking promoted by PSD2

Europe’s bankers have reported being unsure related to more open banking due to PSD2 adoption in 2018, according to a new study by Strategy&, PwC’s strategy consulting business. 68% of bankers fear that PSD2 will cause them to lose control of the client interface and many remain unsure how to respond to the new directive. (88%) of banks expect to see growing competition from third party digital services providers. 68% believe that PSD2 will (further) weaken the position of Europe’s banks.”

Sourced through Scoop.it from: www.thepaypers.com

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