PSD2 in 90 seconds Friday 13th October

PSD2 in 90 seconds Friday 13th October

By October 13, 2017 PSD2, Research No Comments

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.

 EU launches anti-trust probe into bank data sharing – Finextra

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.

Preparing for PSD2? Talk to us about how we can help.