European Regulators Brace For Big Tech Threat As Open Banking Beds In

The Dutch central bank and payments regulator has said authorities are already assessing the risk posed by technology giants from the United States and China, particularly as open banking beds in across Europe.

De Nederlandsche Bank (DNB) said on Tuesday that it expects Google, Facebook and Apple to seize the opportunity presented by the revised Payment Services Directive (PSD2) to gain access to customers’ financial data.

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.