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Sunday
Jul162017

Banks to Provide Open Access to Customer Data from 2018

From 1 January 2018 banks will be required to open access to customer data to third parties through their application program interfaces (API’s) under new EU regulations.  The open banking initiative under the second payment services directive (PSD2) will generate a market for account aggregators and will encourage innovation in the marketplace. IT contractors can expect significant opportunities in the banking sector in 2018.

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