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How PSD2 will Fuel Fintech Innovation
Nick Williams, Head of Business Development, UK Accountants, Intuit
“The Second Payment Services Directive (PSD2) might sound like just another piece of cumbersome legislation, but it’s in fact an incredible conduit for a fresh wave of fintech innovation. In this new world of open APIs, more third parties will be able to create next-generation tools and services to help small businesses manage their finances, while providing a secure and reliable connection with their bank account.
“More partnerships between banks and fintech start-ups is good news for small businesses and the self-employed, as this new data-driven environment will introduce simplified payments and a better overall experience when it comes to managing payments. If you run your own business, PSD2 signals an exciting new era of choice and control over how you manage your finances and get invoices paid on time. With so much innovation happening right now, it’s the perfect time to review your payment processes and explore new products and services to help accelerate your business’ growth.”
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