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Banking fragility rooted in justice failures Evidence from Ukraine
CEPS Project

Europe’s Payment Revolution

Units Involved

GRID
Financial Markets and Institutions

01 June 2018 / 30 November 2018

In September 2019 Europe’s financial markets will undergo a revolution. From that date, the Payment Services Directive (PSD2) will require banks to provide API software interfaces, allowing financial upstarts to tap customer data. This new access to bank data is designed to jumpstart fintech innovation, encouraging the creation of a myriad of innovative, secure user-friendly services which will benefit both individuals and small businesses.
For this study, “Europe’s Payments Revolution: Stimulating Payments Innovation while Protecting Consumer Privacy”, we have spoken to fintech players, banks, consumers, small businesses and regulators to investigate whether the PSD2 will achieve the European Commission’s aiim of making online payments even easier, safer and cheaper. Each group holds high hopes – while harbouring concerns. While no definitive conclusions can yet be made, this paper is designed to explain the high stakes involved for all players involved, from banks, to fintechs, to small businesses and individuals.

CEPS Project

Project Details

GRID / Financial Markets and Institutions


Europe’s Payment Revolution

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Intuit

Contact
William Echikson William Echikson
William Echikson
+32 (0)2 229 39 52

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