PSD2 (Revised Payment Services Directive) is an EU legislation that require every bank to open up APIs to other banks (++), so they can automatically get paymen

PSD2 (Revised Payment Services Directive) is an EU legislation that require every bank to open up APIs to other banks (++), so they can automatically get payment information, transfer money etc To increase competition in the banking sector, without the need for the users to switch bank. It also open up automating a lot of the switching process