PSD2uropean
PSD2uropean is a term that refers to the implementation and impact of the European Union's Second Payment Services Directive (PSD2) within the European economic area. PSD2 is a regulation that aims to increase competition, innovation, and security in the European payments market. It mandates that banks open up their data to authorized third-party providers (TPPs) through Application Programming Interfaces (APIs).
The directive has several key objectives. Firstly, it seeks to enhance consumer protection by requiring strong
The implementation of PSD2 has led to significant changes in the financial industry. Banks have had to