open banking

PSD2 Open Banking update

Following updates in 2009 and 2012, the latest revision of the Payment Services Directive (PSD) has now come into force. Often referred to within the UK as Open Banking Standards, the Second Payment Services Directive (PSD2) legislation was formally implemented on the 13th January, two years after being adopted by the European Parliament and brings a number of significant changes to the original iteration of the Directive.