Payments International: PSD2 the perennial puzzle » Banking Technology

Payments International: PSD2 the perennial puzzle » Banking Technology

The Payment Services Directive (PSD2) still leaves some in the payments industry confused as to where the risks and opportunities lie. This was one of the opinions from Payments International in London – a four-day conference of panel debates, polls and Q&A – that runs 15-18 November. At yesterday’s (16 November) sessions, Banking Technology’s first review examined how banks need to show courage and radically change their traditional mindsets if they are to deal with the threat from start-ups. Also on the same day, one panel debate looked at PSD2. The discussions didn’t throw up anything incredibly new, but the audience polls perhaps show where the fintech industry is and what it comprehends. When asked about what risks and opportunities for PSD2 are understood, 71% said “somewhat understood”. Still some way to go then.

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

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