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PSD2 will send ripples through banking world

PSD2 will send ripples through banking world

The European banking sector is bracing itself for massive change now that the revised payment services directive (PSD2) legislation has been passed by the Council of the European Parliament.
He believes banks are set to lose full control over account information, a key resource which, understandably, they never wanted to share with fintech companies. As innovative and agile as new fintech start-ups are, a number of them were hamstrung by this, with banks arguably stifling innovation and the growth of the industry.

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