Much has been said about the brave new world of transaction banking—robots and blockchains replacing humans and inefficient paper. Are we really headed for a Terminator-esque world where robots are the norm? The fantasy world of fintech has yet to materialize.
The European Parliament’s (EP) revised Directive on Payment Services (PSD2), along with other initiatives such as the Open Banking Working Group (OBWG) and the increase in real-time payments, is set to change the face of banking.
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