Our Latest Insight

Research report explores the preparing for PSD2 and open banking – WhaTech

The EUs Directive on Payment Services 2 (PSD2) will accelerate the fragmentation of Europes retail banking industry following the global financial crisis. The opportunities brought about by PSD2 will energize banks with strong brand awareness and advanced digital offerings into pushing the boundaries of open banking.

Sourced through Scoop.it from: www.whatech.com

68% of bankers fear PSD2

More than two-thirds of bankers are uncertain about the adoption of the revised Directive on Payment Services (PSD2), according to research by audit firm PwC. In a report, PwC revealed that 68% of bankers feared that the directive, which would standardise access to customer data and banking infrastructure, will cause them to lose control of the client interface.

Sourced through Scoop.it from: www.bridgingandcommercialdistributor.co.uk

PSD2: EBA consults on “strong customer authentication” & “common and secure communication” | Lexology

(As anticipated) the European Banking Authority (EBA) has published a “Consultation Paper on the draft Regulatory Technical Standards specifying the requirements on strong customer authentication and common and secure communication under PSD2

Sourced through Scoop.it from: www.lexology.com

‘Free-for-all feeding frenzy’ PSD2 may be the best thing for Europe’s banks

Two in three European bankers are adopting a risk-averse wait-and-see approach in response to the uncertainty an open application programming interfaces (API) could bring. Heres why the PSD2 mandate could be the best thing for banking since the recessionary shake-up of 2008

Sourced through Scoop.it from: www.growthbusiness.co.uk

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