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Author: Vimal Bhatt

3 March: UK FinTech Mission to Europe

The UK FinTech Mission to Western Europe, organised by the Department for International Trade UK (DIT) and Scottish Development International (SDI) brings together financial institutions from Austria, Belgium, France, Germany, Luxembourg and Switzerland with Fintechs from the UK. Konsentus will be discussing how to enable safe and secure open banking transactions.

Four Years on from Open Banking: Liability under PSD2

The revised Payment Services Directive (PSD2) came into force in January 2018 and introduced a regulatory framework for open banking. It established new regulated players in the market, which are called third party providers (TPPs). Four years on, there still exists much uncertainty and confusion around how liability is divided between Financial Institutions and TPPs.