Nearly six months after the launch of PSD2 across many European countries, the revolution that was promised appears to be on hold. But appearances can be deceptive. A raft of PSD2-driven innovative services have already been rolled out, many of them in northern Europe, and many more will follow once banks and fintechs work out how to use their new PSD2 freedoms to capture the value embedded in banking and payment services. It is too early to write off PSD2 as a catalyst for major change.
Our new bulletin explores the economic case for why PSD2 can still shake up financial services. Please click to download the full article.