Welcome to our roundup of the best news and opinion on PSD2 from the last week.
Banks put open banking at risk by overachieving on XS2A compliance – Consultancy UK
XS2A compliance is a key issue for open banking – and banks are facing a choice between integrating TPPs with their existing Account Servicing PSPs, or developing and incorporating a new API for them.
PSD2 – the tip of an Open Banking API iceberg? – Banking Technology
More API talk – thoughts on the possibilities that APIs present for banks, including better use of data and consequently better consumer product design. Read more on how banks can better meet the needs of consumers post PSD2 here.
The EU is investigating whether banks are deliberately blocking TPPs from accessing their customer account data, carrying out unannounced inspections in Holland and Poland.
What do last week’s “unannounced inspections” tell us about Open Banking regulation after PSD2? – Paul Rohan
Thoughts on the unannounced inspections in Holland and Poland – are antitrust lawsuits between banks a possibility in the near future?
The Screen Scrape Debate Will Not Abate – National Law Review
Screen scraping continues to come under fire as guilty of bad security practice. Despite some arguments to the contrary, it seems incompatible with PSD2 and GDPR.