An article by our Sales Director, Philippos Michael, about how banks should embrace the challenge of PSD2 and Open Banking.
The introduction of the Payment Services Directive 2 (PSD2) in Europe at the beginning of 2018 was the latest step on the region’s journey towards competitively fair, digital banking. With the introduction of the legislation, incumbent banks are now legally obliged to open their customer data (with that customer’s permission) to registered and approved third parties, who can then make use of this customer data to offer additional products and services to those of the