Talks of Geeks 4 - PSD2 2nd Wave - What is the Advantage of Digitalised Banks over Traditional Banks

What is the advantage of fully digitalised banks over traditional banks by Lukáš Foltýn - BSC, Consultant.

On 14 September 2019, new requirements for authenticating online payments were introduced in Europe as part of the second Payment Services Directive (PSD2). We’ll take a closer look at these new requirements.

PSD2 is the second Payment Services Directive, designed by the countries of the European Union. It could revolutionise the payments industry, affecting everything from the way we pay online, to what information we see when making a payment.
Adapting to the new requirements will need a lot of investment on behalf of the industry - and while some players aren’t happy, it will be good news for consumers. PSD2 was first brought in at a European level in 2015, but members of the EU have until 2018 to implement it - which is why it matters now.

Banks