EU regulation will drive U.S. banks to embrace FinTech or lose market share

Along with the EU’s General Data Protection Regulation (GDPR), which gave citizens the right to control the use of personally identifiable information, the Payment Services Directive 2 (PSD2) required the sharing of consumer banking data with third parties when authorized by the customer.

Read article: EU regulation will drive U.S. banks to embrace FinTech or lose market share | Computerworld

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