Financial and commercial services
The present and future of 'open banking': the movement that reinvented banking and its relationship with companies
In 2015, the European Parliament passed the new digital payment services directive, more commonly known as PSD2. The directive laid the groundwork for the emergence of the open banking concept: a solution to allow contextualized access to banking services, wherever and whenever needed. The regulatory framework set forth by PSD2 has driven a true transformation of the financial sector itself and changed how financial services are viewed.