PSD2

Open banking vector graphic

How ecommerce merchants can prepare for PSD2

Panic everyone, we have another GDPR – well not quite. PSD2 (Revised Payment Services Directive) is coming into force on the 14th September and aims to set a standard for fraud prevention and transparent online payments across the EU, much like the new data regulation that came into effect last year.

Anorak will use Open Banking to sell life insurance

For years, upstart fintechs have aimed to create innovative experiences that deliver value to consumers, often at the expense of entrenched financial institutions. 

One of the ways they have accomplished this is by using a variety of techniques to retrieve their users’ data from the financial institutions they bank with.