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The revised Directive on Payment Services (PSD2) is an EU directive entered into force in 2007. Main changes were approved in 2015 and are going to come into effect in 2018. These changes are focused on regulation of payment services industry in the EU. Their aim is to increase consumer rights and protection and at the same time open the market for new participants from the non-bank sector (such as fintech companies and others). Implementation of this new regulation represents many difficulties like all companies must meet new standards. However it offers many possibilities for introduction new products and services for future growth at the same time. A brief summary of the most important information is given in the attached presentation.
Quantitative Consulting is providing consultations on PSD2 complience, implementation and related fields.