Welcome to our roundup of the best news and opinion on PSD2 from the last week.
Opening Up Open Banking – Payments Journal
With PSD2’s requirement that financial institutions provide access to third party providers (TPPs) now a reality, the debate now focuses on whether they provide access to this data directly or via API’s.
The World of Open Banking – Finextra
Markets around the world are taking notice of Europe’s new Open Banking legislation, and other countries and regions are now looking to adopt similar principles. Finextra looks at how other territories are approaching Open Banking, and finds that the desire to move to a more customer-centric approach is universal.
PSD2: How to Cross Sell in a Highly Competitive Environment – International Banker
PSD2 poses a substantial risk to banks’ traditional approaches to cross-selling and retaining customer relationships. Whether this is a threat or an opportunity depends on how banks deal with it. InternationalBanker posits the introduction of a digital loyalty system, which could – if correctly implemented – help increase loyalty and cross selling opportunities for banks.