Fintechs making strides in PSD2 » Banking Technology

In November last year, German fintech firm figo completed a financing round that totalled €6.8 million. Backers included DB1 Ventures, the corporate venture capital arm of Deutsche Börse Group, which took a “significant minority stake”.

Figo has developed a banking application programming interface (API) and various products and services related to the Payment Services Directive 2 (PSD2). It is just one of the many fintech firms that are poised to grab the considerable opportunities that PSD2 opens.

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