True Open Banking is much more than PSD2

On January 13, a piece of EU legislation known as the Payment Services Directive (PSD2) came into effect, mandating that banks must make it possible for a third party company to write software through which bank customers can access their accounts and initiate payments. In other words, banks are now required to open up their data to third parties.

Sourced through Scoop.it from: www.azernews.az

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