PSD2

As part of the Open Banking, PSD2 requirements, banks must open for their API, Open API,
to Providers where they will be provide services to bank customers.

PSD2: rev. Payment Services Directive – TPP: Third Party Payment Providers

Payment Services Directive (PSD2) – Brussels, 27 November 2017

The Service Providers will via API connection will offer Services eg Payments or account information etc.
see PSD2 Infographic | europeanpaymentscouncil.eu

PSD2 explained in 3 simple gifs


psd2 list – Mark Boyd
Third-party authentication
Third party access to payments
Third party access to account information
Fees transparency
Fine grained entitlements
API versioning
SDKs
OAuth or other delegated authentication schemes
Step up authentication strategies
Sandboxes
Fraud and penetration attempt monitoring
Supporting tooling for developers and DevOps
Performance management to protect core banking
API Explorers for discovery and interaction
Interactive API documentation
Unique IDs (e.g. Bank ID, Account ID, Transaction ID)
Flexible entitlements to enable data sharing and better transparency


PSD2 explained in 2 minutes
https://www.youtube.com/watch?v=AF-8v3yG4Pc

What is PSD2
https://www.youtube.com/watch?v=VElOGXFgCU8

PSD2 demo with Instant Payments and API economy
https://www.youtube.com/watch?v=Agho4xFXVfE

PSD2 Demo App
https://www.youtube.com/watch?v=HxSitctNJ-U

Open Banking & PSD2: How regulation is shaping the future of banking
https://www.youtube.com/watch?v=bYovaLTXjzo

PSD2 paradox
https://www.futureofeuropeanfintech.com/assets/fintech_animatic.mp4?lipi=urn%3Ali%3Apage%3Ad_flagship3_pulse_read%3Bki1bt86FQUSkH3FCbJofRQ%3D%3D