- May 16, 2018
- PSD2
- Open Banking, PSD2
Open banking already changing the UK market | afr.com
The launch of “open banking” in Britain earlier this year is prompting the incumbent banks to develop new smartphone apps that give customers a holistic view of their finances.
But they face newfound competition from fintechs, telcos and e-commerce giants who see the data-sharing regime as a way of becoming dominant financial services providers in the digital economy.