Glen Sarvady and I decipher the EU’s groundbreaking new PSD2 regulation, discuss the prospects for similar US legislation, and debate the pros and cons of sharing transaction data with non-banks. Also, how PSD2 can lead to decentralisation, disintermediation, loss of revenue and the start of banking as a platform, as well as innovation, competition and new options for customers and new, recurring revenue streams.
You can listen to more episodes of BIGcast, and other fintech shows, on the BankNXT podcast page. Enjoy!
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