PSD2 will provide new opportunities to make use of banks’ internal data and external market information in real-time and at scale. This mean banks will share your account information with companies like Facebook and Whatsapp and enable you to do transactions using these apps. 68% of the bankers fear losing control of their client interface, which will happen, but that’s exactly what will empower the customers says Michael Salmony who is running the PSD2 program for billion dollar payment service equensWorline and has been advising the EU on this topic for years.
How will PSD2 change the world according to Michael Salmony? What will happen to the bankers? Watch the interview with Michael at the Future of Payments conference.