Deutsche Bank’s Shahrokh Moinian answers the Asset Servicing Times’ pressing questions regarding new EU payments regulation

The new EU Payment Services Directive (PSD2) comes into effect on 13th January 2018, and could cause – among other consequences – significant changes for payment service providers’ back office processes.

In a Q&A article for Asset Servicing Times, Shahrokh Moinian, Global Head of Cash Management Corporates, Deutsche Bank, answers the industry’s most pressing questions surrounding the regulatory change – from its revised scope to the likely industry benefits.

Assessing PSD2’s advantages, Moinian says the regulation will “level the playing field by allowing third-party providers access to the market, bringing them under regulatory supervision, and guaranteeing them access to customer account information. The result should be a vibrant, innovative and secure payments market in Europe, benefitting corporates, consumers and the market as a whole.”

To read the full article, please click here.

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