On December 23, 2015, Directive 2015/2366 of the European Parliament and Council, known as the PSD2 directive, was approved, providing a new regulatory framework for the use of mobile payments, tools from non-banking institutions and enhanced security. What do these changes mean compared to the first PSD and how do they affect companies?

Algunos estados han dado moratorias consideradas excesivas por los demás, mientras que las fintech se quejan de la lentitud de una parte de la banca tradicional en el desarrollo de funcionalidades clave de la directiva europea de servicios de pago, como el sistema de acceso a los datos de los clientes.

Hoy en día las compañías ‘fintech’ juegan un papel decisivo dentro del escenario de la PSD2: han sido un importante motor de innovación para el sector bancario y se han constituido como industria.

Analizamos el informe del Departamento del Tesoro sobre la apertura del sistema financiero al ecosistema fintech y la innovación

Under PSD2, all access by third parties to customer personal data, with a view to providing their own services, must not impinge on two key aspects of banking operations: privacy and security. We look at some of the conditions now imposed on TPPs that traditional banking operators were already subject to.

PSD2 is the directive with which the European authorities seek to achieve the definitive opening of the European Union's financial and banking sector through the total standardization of services. This is a key standard, but by no means recent, as its first version dates from 2007.

If you are an API developer you are very likely to be interested in information about the legal framework for protecting the copyright on them. In this article for BBVAOpen4u, María Kovesdi offers several tips to help to navigate your way through the legislation. 

The PSD2 directive has come into force and opened a new scenario of liberalization of the financial sector in Europe. In this new context, several protagonists take on a specific role in the relationship between banks, services providers, European regulatory institutions and customers.

Some weeks ago we took part in the World Open Banking Dialogue in London. There we heard first-hand how banks around the world are helping to consolidate the open banking concept, while we also had the opportunity to set out BBVA's vision of the phenomenon. 

A large part of the user authentication protocols in the new digital age –both proprietary solutions in the hands of companies such as IBM or Oracle and open solutions like OpenID and OAuth 2.0– are based on application programming interfaces (APIs).