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Prasad Hosadurga

Domain Consultant, Cards and Payments Practice, Banking and Financial Services, TCS

Subhendra Mohanty

Business Analyst, Cards and Payments Practice, Banking and Financial Services, TCS

PSD 2: What it Means for Banks, Customers, and Payment Service Providers 

Expected to be implemented by 2018, PSD 2 will transform the payment ecosystem

The PSD 2 directive is bound to change the payment ecosystem significantly. In addition to ensuring regulatory compliance and driving up security, it will allow financial enterprises to develop tailor-made products based on customer insights. Banks must collaborate with each other to leverage economies of scale to improve operational efficiency and deliver richer customer experiences.

PSD 2 benefits outstrip transformation costs hugely. Learn how banks can leverage APIs to minimize costs, optimize operations, and impart rich customer experiences for big gains.