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PSD2 has been great for EU citizens because it lets them use personal finance apps of choice instead of being locked in to their bank's own app. GDPR has been
by joshuaissac 5y ago
PSD2 has been great for EU citizens because it lets them use personal finance apps of choice instead of being locked in to their bank's own app.
GDPR has been good even for non-EU citizens because it prompted some companies to provide data controls for all users, not just EU citizens. I have only come across a few American local news sites that block EU visitors.
There are other reasons technologists may leave, such as higher salaries and larger capital markets in the US, but GDPR, PSD2 and Covid-19 would not be incentives for most.
- emteycz 5y agoI don't feel great about any of these. I never cared about using third party apps for banking, it's useless - obviously only the most basic operations are supported; and I never wanted to use my "dumb" phone for banking at all, I wanted seamless internet payments - but now I am required to have Android/iOS phone connected to the internet on hand to even log in into online banking interface - great! News sites aren't the only victim of GDPR, it's also SaaS apps and other services, especially financial services. I used to be able to have American brokerage accounts, now that's gone - great! How about you stop talking about what's good for me? This is exactly the problem with EU, it feels like it knows perfectly what's good for all 450 million people - well it doesn't, and it's not the same for all.