The Revised Payment Services Directive (PSD2), a regulation of the European Union, aims to simplify the process of making online electronic payments across the banking value-chain. PSD2 will open new opportunities to utilize banks’ internal data in real-time and at scale, as part of delivering customer services with the help of third party providers. While strictly applicable within the European Union member countries, the benefits of the regulation to end-customers coupled with increased competition and innovation across the industry driven by Open Banking make it interesting to a broader, global audience.

The ‘PSD2 – Opportunities Beyond Compliance’ white paper by Fiorano Software discusses PSD2’s aims and its implementation impact on the banking enterprises. It focuses on Regulatory Technical Standards needed to comply and the requirements involved in the mandate. It explains the vital role of APIs and how banks can achieve PSD2 compliance with Fiorano’s PSD2 ‘end-to-end’ Accelerator.

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