PSD2 became part of national law as the first phase of implementation was completed on January 13, 2018, when banks were obliged to allow access to their customer data.
In the coming 18 months – the next two phases are expected to be implemented by the third quarter of 2019 – banks will be looking at how they can get their services up to standard, and how they can compete with the arrival of third-party providers (TPP).
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