The European Commission is seeking market feedback on open finance rules and amendments to the PSD2 Directive to address the arrival of Big Tech, fintechs and cryptoassets, according to Finextra.
On PSD2, the Commission intends to „evaluate whether the scope, exclusions and definitions of the directive are still appropriate to ensure relevant market players are regulated, a level playing field exists and risks are sufficiently mitigated”.
Other aspects of the rules relating to payment fraud and access to account data and payments infrastructures, will also be opened up for scrunity to see if they are still fit for purpose.
For the Open Finance consultation, the Commission is seeking feedback on whether to extend access rights beyond purely transactional data to encompass other aspects of finance, including mortgages, savings, pension services and insurance.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
