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In a 13-minute tutorial, Martin Al-Khawaja explains the impact of the PSD2 directive on the European Union banking and payment markets. He discusses the technical aspects, proposes a strategic framework, and outlines the opportunities and changes brought by the regulation. PSD2 allows third-party providers to access customer account information and make payments, creating new entities like account information service providers. The directive will affect all banks and payment providers serving customers within the EU, and its implementation timeline is also discussed.
