Open banking around the world: spotlight on the EU
Did you know that the UK and the Nordics are Europe’s open banking frontrunners?
Open banking and the PSD2 framework in Europe enable businesses like yours to automate tasks and reduce manual work. By consenting to their data being used, your customers can benefit from better products and services tailored to their specific needs, as well as faster, more efficient payment methods and onboarding.
These benefits have seen widespread uptake of open banking across the world since its introduction in 2018, but each country has its own way of regulating, implementing, and promoting it. Read more on open banking developments in Europe below in our two-pager below.