19Apr 2017

Why open banking is the next frontier for financial innovation

With the EU’s Second Payment Services Directive (PSD2) and the UK’s open banking framework set to come into force next year, regulation may well tip the scales between banks and fintechs for customer loyalty.The Competitions and Markets Authority (CMA) calls it a “technological revolution” that will give people and small businesses greater control over their money, but open banking is more than that.
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