24.10.2019 2 min read

Open banking is coming

What Swiss banks should know now

Open banking is keeping banks around the globe on their toes, and so Swiss financial institutions are also facing major strategic questions. How can they deal with opening up to competitors and third-party providers? How will the banking business model change? What are the technical implications of all this? Will the legislator intervene in the market in a regulatory manner, as the European Union has done with the Payment Services Directive 2 (PSD2)?

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