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

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

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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.

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