PSD2: demystifying the beast

The revised EU Payment Services Directive (PSD2) has been a focal point for the financial services industry over the last couple of years and its adoption is set to revolutionise the payment ecosystem in Europe. New entrants, innovative technologies and increased regulation are already posing major challenges to traditional banks as they need to do more than ever before to retain their revenue streams, meet growing customer expectations and counter the erosion of their competitive edge. So why is PSD2 such a game-changer?

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

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