Will the Banks vs. Fintechs Dispute over PSD2 Derail the EU’s Progress towards Open Banking? – Crowdfund Insider

Banks represented by the European Banking Authority (EBA) and Fintechs represented through the Future of European Fintech are in profound disagreement about the technical standards for the implementation of the Second Directive on Payment Services (PSD2). Banks argue that screen scraping should be banned in favor of application programming Interfaces (APIs) controlled by the banks; Fintechs reply that banks’ APIs are not ready and that the premature ban on screen scraping is a political move to kill third-party payment Fintechs.

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

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