Welcome to our regular roundup of the best news and opinion on PSD2.
PSD2, the European regulations for Open Banking, is designed to allow a more open and competitive Financial Services sector across the EU. However, APIs have been effectively in the open for years.
European Data Protection Board Provides Clarification On PSD2 – The National Law Review
In response to questions from a Member of the European Parliament, the European Data Protection Board (EDPB) has provided much needed clarification on the overlap between the General Data Protection Regulation (GDPR) and the EU Payment Services Directive (PSD2) in an open letter.
As banks across Europe adopt open banking, this article takes a closer look at its impact on consumer behaviour and the challenges before traditional banking systems.