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The Royal Bank of Scotland has described the EU’s PSD2 payment rules as a “headache for everyone.”
TrueLayer is seeking to harness the possibilities brought by PSD2 in Europe.
PSD2, which allows third-party companies to offer banking services to consumers, could eventually transform banking in 67 countries worldwide through a ripple effect.
CoinTelegraph spoke to Marten Nelson from Token about the company’s first step in leading European banks towards secure API banking.
German banks may have violated EU competition law by placing restrictions on non-bank payment services.
The UK’s vote to leave the EU raised certain concerns about the country’s continued regulatory alignment.
Aiming at accelerating innovation and developing a unified payment services sector, the European Commission has adopted the Payment Services Directive (PSD2), which is expected to bring vital changes.
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