PSD2 & OPEN API: threats and opportunities for the banking sector …

Are we moving towards Open-Banking?


The Revised Directive on Payment Services (PSD2), adopted by the European Parliament in 2015, that will be transposed into the French law in January 2018 at the latest, opens a regulated way to a new concept: the Open-Banking. From now on, the principle of freedom for consumers to manage their own banking data will compel financial institutions to make them available to third parties through APIs, in order to stimulates competition and innovation.

This White Paper provides an overview of initiatives taken by the industry at the European level as well as in France or in the UK though the Open Banking Working Group.

Download the White Paper