There’s an open banking revolution coming and these 20 FinTechs are going to help usher it in
From next January the UK’s largest banks will be obliged to share their data, including current account information, with third parties as part of a new European directive. The second European Payment Services Directive, or PSD2, has been designed to crack open the big banks’ monopoly on customer data and payment services, and could unleash a whole new surge of FinTech innovation as startups and tech firms as a whole tsunami of open data is channeled towards new products and services.
Sourced through Scoop.it from: bdaily.co.uk