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Bankdata Case Study

Bankdata discusses how implementing Konsentus Verify has allowed them to recognise when to trust third parties accessing their open banking APIs.

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.