This one directive is changing banking as we know it

As the European Commission updates the Payment Services Directive (PSD2), 2018 is set to be a game-changing year for the financial industry. Opening the door to data – if you’re an EU citizen, have economic stakes in the game, or simply a finance-freak – here’s what you should know about it. Since the update on the Payment Services Directive (PSD2) is based on an existing directive, let’s just quickly recap what the original key piece of payments legislation entail