Will the Payment Service Directive 2 (PSD2) become a game changer? With the permission of the account holder, licensed or registered third parties will get access to payment data. They are also able to initiate payments. Will banks keep their position or will third parties take over the customer contact?
KPMG did a sector wide research about the subject PSD2. Banks, Fintechs, retailers, payment processors and corporates cooperate in surveys and interviews. The survey has asked for:
The results show that:
There are many more aspects that will be treated in our publication
Respondents make different choices that we have been categorized in three different dimension;
PSD2 fits within a larger movement to redefine and design the business and operation model
Make use of the possibilities of PSD2 and defend yourself against possible new entrants
Meet the legal requirements
The third dimension can also be a temporary strategy; 27% of the respondents indicate that they are following a wait-and-see implementation strategy.
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