After a turbulent and unpredictable 2016, the global payments industry has its work cut out to prepare for a flurry of regulatory, legislative and policy reforms.
National authorities across all EU member states must work on transposing the revised Payment Services Directive (PSD2) into domestic law, ready for the January 2018 deadline.
The requirement for banks and payment service providers to allow secure third-party access to accounts will require those institutions to make wholesale changes, not only to their technology and infrastructure, but perhaps also to their business models.
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.