PSD2: Regulation as a catalyst for innovation

Christian Schaefer, Deutsche Bank

PSD2, the new European directive on payment services in the internal market, comes into force on January 13, 2018. It is supposed to open the European payments market for more competition and transparency, but Christian Schaefer, Global Head of Payment Transactions, Cash Management, Deutsche Bank, believes its impact will be wider and will act as a catalyst for innovation not only in payments but also in the broader financial services market.

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