How to successfully embrace Open Banking: a to-do list for banks | The Paypers

Michael Juul Rugaard and Kristian T. Sørensen, Norfico. on what obstacles incumbent banks need to clear to become relevant players in the Open Banking space.
We had the pleasure of interviewing the European Commissioner for Competition, Margrethe Vestager, about the Commission’s thoughts and ideas on PSD2. In the interview, the Commissioner sent a clear message: “I think we have to stick to the regulatory track,” she said, and added: “regulation has played a very, very important role. Also to ensure confidence, because one of the triggering factors for the financial crisis was that the banks lost confidence in each other, and the outside world lost confidence in the banks.”

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