A seismic and positive change is coming for the financial and accounting industries with the introduction of the European Union’s (EU’s) Payment Services Directive 2 (PSD2) regulation. The future of banking and payments is digital, and this regulation marks a shift towards creating a more secure and streamlined digital space for customers to make transactions. At its core, PSD2 heralds two major benefits; firstly, it will push innovation for today’s digital consumers, and secondly, it will give them more control over their data.
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