1. Case 2a: PSD2 - the directive that will change banking as we know it
Task:
What does the Directive mean to banking
How can

2. Topics and Issues Contents of PSD2 Payment service providers
Prudential supervision
Activities
Access to payment systems
Access to accounts maintained with a credit institution
Single payment transactions
Information
Rights and obligations in relation to the provision and use of payment services
The changes PSD2 causes to banking
Banks have to open the interface of customer’s accounts
Monopoly to payment services and customer information disappears
Banks, however, are obligated to provide third-party providers access to their customers’ accounts through open APIs
Adapting banking to disruptions of branch and business
New competitive structures
non-bank FinTech companies will play a significant role in the future financial landscape
Open Banking transformation paves way for the adoption of open APIs, which in turn presents strategic opportunities where external service providers build on top of banks’ data and architecture
Legal Aspects of Finance 2a

3. Regulation and further reading
“Blockchain – powering the internet of value” on subpage Additional reading
Legal Aspects of Finance 2a

4. Case 2: Slides
Slide sets: 4a