Payment Services Directive 2: PSD2 sparks innovation in Open Banking ecosystems
In this article, Deutsche Bank and Innopay join forces to share our opinion on the foremost challenge currently facing the European payments market: “the practical implementation of third party access to account (XS2A) as part of the revised Payment Services Directive (PSD2)”. With European lawmakers finalising their work on the legal aspects of XS2A, it is now up to the industry to develop functional, operational and technical solutions. So how could industry collaboration work to leverage PSD2 compliance as an enabler of Open Banking business models?
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