PSD2- Payment Service Directive 2, is believed to bring better cooperation between banks and Fintech. It also brings hope of re-gaining the trust on financial institutions. Especially, the trust that was fading out after 2008. Specifically in Europe, people were losing their faith in financial institution. Although, high hopes are riding on PSD2. What is
Fintech, also known as financial technology, is the way by which technology and innovation is incorporated to financial services provided to you. This sector is gaining popularity. So, world is catching up to the new form of existence of financial market. But why does it matter to you? Although, in the current word you might