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PSD2 open banking: The ticking timebomb for financial institutions
The overall idea behind PSD2 open banking is not new, Yodlee and others have for a while aggregate accounts, and they have done this through a process known as screen scraping. Now though the world is changing and radically. The first and most important point to make is what has been published by the EU [...]
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PSD2 open banking, who will use it?
The first thing to be clear about is that PSD2 open banking is not the same as UK Open Banking currently live with the CAM9, although not all of them are live! PSD2 open banking applies to anyone who provides a ‘Transactional Account’ and in the UK the FCA defines a transactional account in the [...]
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