An Open Road For Open Banking?
PYMNTS
NOVEMBER 9, 2020
In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key. Increasingly, open banking will underpin that collaboration. Nearly three years after the introduction of the second Payment Services Directive ( PSD2 ) in the U.K., there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom.
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