Transcription of Open banking and PSD2 - Deloitte
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Open banking and PSD2 - Deloitte
How to flourish in an uncertain futureOpen banking and psd2 ContentsForeword 01 Executive summary 02 Chapter 1 Market context 04 Chapter 2 open banking and psd2 07 Chapter 3 Consumers ready for change 13 Chapter 4 How will the retail banking market evolve? 17 Chapter 5 What will incumbents need to do to thrive in an open banking future?
increased competition and innovation by opening up customer banking data to third parties. This is taking place at two levels: • across the EU, in the form of the revised Payment Services Directive (PSD2) • in the UK, with the Competition and Markets Authority (CMA) mandating the UK’s largest banks to adopt the Open Banking Standard.
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