New directive disrupts the EU payments regulatory regime. A series of Client Alerts will follow ongoing developments related to PSD2.

Key Points:

..By expanding the accessibility of customer account information, PSD2 allows third-party developers to build payment service infrastructures around the platforms of financial institutions.

..On February 23, 2017, EBA published the final draft Regulatory Technical Standards on strong customer authentication and common and secure communication, an important step toward the development of PSD2-compliant technological solutions.

..This first Client Alert provides a summary of the key aspects of the PSD2 to introduce the topic.