How Banks Can Create Winning Propositions

Open Banking and PSD2 are already having a major influence on the banking and payments industry, not just in the UK and Europe, but also around the world.

These important requirements are driving a new approach to sharing bank account information and managing payments more securely which will give rise to exciting new services and business models.

This can only be good news for bank customers and payment service users, whether they are consumers or businesses of all sizes.

Many countries around the world are watching closely developments in the UK and Europe and are already designing their own versions of this new approach to managing data and payments. Some of these changes are happening as a result of new regulations around the world, but in other cases it is simply competitive forces which are driving innovation.