visimoney
TLDR:
At the MoneyLIVE Summit 2024, Jack Spiers of Tink discussed the upcoming PSD3 regulation and the importance of standardizing APIs in the financial services industry. PSD3 is expected to bring evolution rather than revolution, focusing on enhancing payment services and data. Spiers highlighted the differences in regulatory requirements between the UK and EU, particularly around re-consenting accounts. Tink, a subsidiary of Visa, is committed to staying updated on regulatory shifts and offering compliant open banking services to banks, fintechs, and merchants.
Key Points:
- PSD3 will bring evolution to payment services and data in the financial sector
- Standardizing APIs is crucial for ensuring compliance and interoperability in the industry
Jack Spiers of Tink discussed the upcoming PSD3 regulation and the importance of standardizing APIs in the financial services industry at the MoneyLIVE Summit 2024. PSD3 is expected to bring evolution rather than revolution, focusing on enhancing payment services and data. Spiers highlighted the differences in regulatory requirements between the UK and EU, particularly around re-consenting accounts. Tink, a subsidiary of Visa, is committed to staying updated on regulatory shifts and offering compliant open banking services to banks, fintechs, and merchants.
