PSD2: Dutch Parliamentarians Call For 'Consent Dashboard'

Lawmakers in the Netherlands have touted the idea of a consent dashboard to be implemented by banks to help consumers manage access permissions given to third-party providers.

During a debate on the implementation of the revised Payment Services Directive (PSD2) that took place on Tuesday, Dutch parliamentarians pressed the finance minister on several privacy and data protection matters.

House representatives were concerned that a lack of consumer awareness around consent could mean they allow third parties to access their financial data without fully understanding what they are agreeing to.

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.