In less than 24 months, banks will have to comply with the Revised Payment Service Directive, commonly called "PSD2". The directive will introduce massive changes to the payments industry, removing the banks’ monopoly on their customer’s data. It will radically alter the user experience for customers of European banks by allowing third party payment service providers (TPP) to access their account information to provide various innovative financial services. But to achieve this, banks and TPPs must put the technical requirements in place in a secure way.
Revised Payment Service Directive:
Recording from November 16th , 2017
Whitepaper - Meeting PSD2 Challenges
The Revised Payment Service Directive (PSD2) will drive many changes in technical infrastructure at financial institutions across Europe. Banks and other financial service providers must quickly prepare for PSD2. Airlock Suite provides foundational technical capabilities that can help businesses meet the challenges posed by PSD2.
The Whitepaper was written by John Tolbert, Senior Analyst at KuppingerCole.
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