Here’s some more details in an infographic about PSD2 (one half of the Open Banking Standard), which you’ll be hearing about a lot more over the next couple of years, as it’ll force the banks to give 3rd parties (like Monzo or an aggregator) access to customer’s data & enable 3rd parties to make payments from customer’s accounts (with the customer’s permission!).
It breaks down:
- Why PSD2 was created
- The key changes
- Where it will apply
- Who the main stakeholders are
- What’s happened so far & the next steps
http://www.europeanpaymentscouncil.eu/documents/EPC_Infographic_PSD2_March-2017_V2.pdf