Difference between revisions of "PSD2"

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(Problems)
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==Full Title or Meme==
 
==Full Title or Meme==
Open Banking is both a concept and an actual implementation in the UK.
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An attempt by the EU to open competition among banks by loosening standards and altering the risk model.
 
 
This page addresses both the UK implementation of the EU banking standards and the concept of [[Open Banking]].
 
  
 
==Context==
 
==Context==

Revision as of 17:47, 12 December 2018

Full Title or Meme

An attempt by the EU to open competition among banks by loosening standards and altering the risk model.

Context

On 2015-10-08 the European Parliament voted to pass the Payment Services Directive 2 (PSD2). A simple description of the program from the Starling Bank[1] gives a good non-technical description.

Problems

Most of the problems from the user perspective are described in the UK Open Banking page on this wiki.

Solutions

References

  1. Anne Boden, Explaining PSD2 without TLAs is tough! (2018-01-12) Starling Bank https://www.starlingbank.com/blog/explaining-psd2-without-tlas-tough/