Welcome to our roundup of the best news and opinion on PSD2 from the last week.
The Road to PSD2 : 3 months to go – Go Cardless
In the wake of of a PwC survey of senior banking executives which showed only 9% of organisations were sufficiently ready for PSD2 to begin implementing compliance, OpenBankingHub dig deeper into how executives are feeling about the change.
PSD2 is an important step on the road to the open banking revolution – and the banks who take advantage of the opportunities it presents will be placed to prosper.
Opposing views on whether PSD2 is really a threat to banks – Callcredit’s Mike Gordon says yes, that banks’ revenue is derived largely from a small number of products which will they be forced to be more competitive with post-PSD2.
Yolt’s Frank Jan Risseeuw says no, and that PSD2 is just the latest in a very long line of banking evolutions over the last few years, and one that banks are easily resilient enough to withstand.