open banking
Business services
Open Banking and PSD2 difference: complete guide for businesses
Understanding the difference between Open Banking and PSD2 is crucial to using the latest technology well. These are ways of handling financial data and bank accounts, leading to a more seamless process for users. We’ll be looking at the EU regulation contained in PSD2 that allows Open Banking. We’ll also see how Open Banking is being used as a growing market practice by modern financial institutions. It’s a secure framework that allows pay-by-bank transfers and SEPA Instant in the EU. Find out why the Open Banking and PSD2 details are crucial to businesses that want to make smart banking decisions.
Money and you
Open Banking and its significance for financial services
The concept of Open Banking is still very new, but is taking Europe and other parts of the world by storm. Though a lot of people heard about it, not all completely understand, what it entails, and how both businesses and customers can benefit from it. So let’s fill in the blanks with today’s article on the matter from Genome. PSD2 and Open Banking If you are familiar with Genome and fintech lingvo, chances are you have already heard about PSD2, which is a Revised Payment Services Directive, implemented in the European Union in January 2018. We’ve covered the topic before