Too many banks are treating the development of application programming interfaces (APIs) as a compliance exercise, hampering uptake of third-party payment services, industry insiders have argued.
A paper published by Paysafe on Monday urged national and EU-level authorities to step in and ensure banks’ interfaces actually give the boost to competition envisaged by the revised Payment Services Directive (PSD2).
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.