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Martin Al-Khawaja explains the impact of the Payment Services Directive (PSD2) on the European Union Banking and payment markets in his tutorial. He touches on the technical aspects of compliance, proposes a framework for choosing a response strategy, and discusses the timeline for implementation. PSD2 allows customers to grant third-party providers access to their account information and make payments. New entities called account information service providers can aggregate data from multiple sources. This regulation will affect banks and payment providers serving customers in Europe.
