Journal of
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Archive » February 2019 » New banking infrastructure and regulation: Blockchain, Instant Payment, Psd2 and Open Banking

New banking infrastructure and regulation: Blockchain, Instant Payment, Psd2 and Open Banking

Giovanni Sabatini
February 2019 - n. 2
Keywords: Banche, modelli di business, Fintech
Jel codes: G21, G23, G28

Banks are increasingly facing the challenges introduced by technology and over regulation, involving high compliance costs. The implementation of Psd2 Directive has profoundly changed the payments system framework: banks will have to open accounts for Third-party access for the use of payment services and may themselves operate as Third parties. This revolution is based on the opening of the banking ecosystem to the Fintech world by promoting immediate and mobile banking services available on several international markets.

 

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