4 ms·

In Europe there will soon be a law called PSD2 which results in banks being obligated to provide an Api to access your bank account from external apps etc. So

• mdrzn 8y ago
  Very interesting! The PSD2 directive has come into force on 13 January 2018, and Italy should have already passed a law last year, but I still know nothing about API possibilities.
  • DavideNL 8y ago
    Yea, in the Netherlands it was delayed to spring 2018 (which would be now.) But it's not active here yet either. I read somewhere that they suspect banks are deliberately delaying this because payment data is worth a LOT of money. And banks will loose the "monopoly" on this data. There have already been raids here to investigate whether they are deliberately delaying. Also, for example, PSD2 means external apps can make payments (if you permit), so basically your bank software can become 100% superfluous. So banks are afraid customers might "loose touch" with their brand.
• ksec 8y ago
  Is it only Banks and not Payment processors? I mean knowing my banks money incoming and outgoing is kind of not much use. Since they don't ( or do they in EU ?) have any record of my Visa Credit / Debit Card spending data. It is one reason I wish tools like Apple Pay should allow / had the option to retain those data for me personally only. And have the financials will work out all on my Phone and no where else. How much did I brought these and that, per month.