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GDPR vs. PSD2: a challenging contradiction or two sides of the same coin?


Laura Cooper, DataRaze: PSD2 and GDPR have a lot in common

At first glance, the General Data Protection Regulation (GDPR) and the planned Payment Services Directive (PSD2) place completely conflicting requirements on the financial services industry. While the GDPR seeks to enforce bigger restrictions on businesses by forcing them to improve privacy and destruction processes, PSD2 seeks to break the historical limits of one of the oldest …



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