PSD2 (Revised Payment Service Directive)

PSD2 (Revised Payment Service Directive) is a new EU directive that grants the right to third-parties to engage in financial management of bank’s customers and clients. Such services include spendings and transfers analysis without affecting clients’ assets on bank accounts. Revised Payment Service Directive is EU’s initiative to improve EU’s financial sector, to strengthen the protection of sensitive data, and to secure internet payments and transfers.