PSD2 in Europe

the start to a new future of banking?

2018 is going to be a year of change for European banks and payment operators. The revised Directive on Payment Services (PSD2), which goes into effect in January, sets the stage for open banking, providing third-parties access to banks’ customer data and infrastructure.

PSD2 will lower the barriers to entry for these third-party providers, such as FinTechs, and stimulate the development of new business models. Because EU members must make substantial changes to comply with the new rule by the January deadline, PSD2 demands immediate attention.

With this in mind, PwC has set up a European PSD2 initiative to bring together a multi-disciplinary team of leading experts that can help you assess PSD2 impacts, design winning solutions and implement them in an efficient and effective way. Our goal is to help our clients analyse the challenges and identify the opportunities PSD2 presents to them.

Join the conversation #PSD2

Insights

Customer experience and payment behaviours in the PSD2 context

Customer experience and payment behaviours in the PSD2 context

This survey, undertaken by PwC and Strategy&, analyses the online shopping habits of consumers in Europe, and their willingness to use innovative payment methods.

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Waiting until the eleventh hour

Waiting until the eleventh hour

Results of survey to better understand how well banks are advancing towards PSD2 compliance and the strategic direction they are choosing.

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How UK and EU banks are gearing up for PSD2

How UK and EU banks are gearing up for PSD2

PSD2 readiness survey, initial findings.

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PSD2 in a nutshell 6

PSD2 in a nutshell 6

SCT Inst: the European instant payment proposal

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PSD2 Position Paper | PwC Point of View

PSD2 Position Paper | PwC Point of View

RTS on SCA and secure communication as amended by the European Commission

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PSD2 regulatory monitoring

PSD2 regulatory monitoring

European Commission modifications of the RTS on SCA and CSC

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PSD2 is coming! Is your bank ready for the future?

PSD2 is coming! Is your bank ready for the future?

Roles for banks and payment operators under PSD2.

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Are you aligned when it comes to the GDPR and PSD2?

Are you aligned when it comes to the GDPR and PSD2?

Managing a growing number of regulatory projects alongside a growing book of digital and simplification initiatives is already a considerable challenge for most financial services organisations.

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Preparing for PSD2: Are you asking the right questions?

The clock is ticking, and there is no doubt that PSD2 presents a number of challenges-- strategic, technological, operational and legal. Here are some important questions to ask yourself:

  • Have you conducted a thorough impact assessment, taking strategy, products, operations, IT, legal, compliance and your global footprint into account?
  • Do you know how to address PSD2 in all local markets, while ensuring an overall strategic approach?
  • Is your PSD2 project organisation striking a good balance between agility and involving all relevant parties, while still meeting deadlines, staying within budget and maintaining quality?
  • How do you balance PSD2 compliance and pursuing strategic opportunities arising from PSD2?
  • Have you explored the opportunities around developing innovative solutions and new services?
  • How can you benefit from increased data availability and open infrastructures?
  • Have you considered potential partnerships with FinTechs and third party providers (TPP) to find new business solutions?

Meet the PSD2 team

Contact us

Marco Folcia

Partner, PwC Italy

Tel: +39 02 6672 0433

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