In an industry that has been seen in the past as slow to progress, there are clear signs that the traditional banking model is being evolved.

PSD2 will change the payment services landscape for established banks, new entrants, and the organisations they serve. PSD2 requires banks to provide third-party providers with access to their customers’ information through open APIs (application program interface). PSD2 is a catalyst for growth and opportunity, and companies that make the most of the opportunity will gain the most benefits.