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Martin Al-Khawaja explains the concept of a PhD in just 13 minutes, focusing on the opportunities it will bring to the European Union banking and payment markets. He discusses technical compliance and proposes a framework for choosing a strategy to respond to the changes PSD2 will bring. The Payment Services Directive 2 is a new regulation in the EU that allows customers to grant third-party providers access to account information and make payments. This directive introduces new entities like account information service providers who can aggregate data from multiple sources.
