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In 13 minutes, Martin al-khawaja explains the significance of the Payment Services Directive (PSD2) in the European Union banking and payment markets. The directive allows third-party providers to access customer account information and make payments. It introduces new entities like Account Information Service Providers that can aggregate data from multiple sources. Martin also proposes a three-dimensional framework to choose a strategy to adapt to PSD2 changes and discusses the timeline of its implementation.
