I'm weirded out by PSD2. I see the utility, but there are only so much interested parties able to wield this tool. Its expressed goals are to "improve the secur

I'm weirded out by PSD2. I see the utility, but there are only so much interested parties able to wield this tool. Its expressed goals are to "improve the security of payment transactions, enhance consumer protection, foster innovation and increase competition on the market". But looking at open banking APIs all I see are "insight" features for risk assessment and data mining. If I want to make a payment, disclosing that the amount is covered via a boolean would suffice, instead all accounts, transaction history and balances are transferred with some payment initiators. Ready to be scored by a model. It reminds me of private messengers asking for permission to upload all contacts: surely this is not necessary most of the time, but you want to get on with your day and click yourself through TOS dialogues. I need bank account level privacy settings to not accidentally disclose the past 400 days of my financial history.