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