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IMPLEMENTING PSD2: A YEAR ON

pencil CPE: To be confirmed

calendar 08 February

clock 1.30pm until 5.00pm

location Castille, Casa Leone, Floriana

PSD2 came into force in January 2018. Whilst the primary purpose is to increase efficiency in the payments industry, by promoting greater transparency for international payments and eradicating hidden fees, PSD2 has the ability to transform how consumers spend their money in future. PSD2 encourages competition in the financial services sector, by allowing greater participation in certain areas by non-banks, such as fintech companies, for the first time. As well as creating further opportunities for existing third party providers, PSD2 paves the way for the creation of many more. 

Open Banking and PSD2 are closely related but separate regulatory requirements in the payments industry. They have a number of shared objectives and many common features, but also some significant differences. Both initiatives seek to increase competition and encourage innovation in order to make payments easier and more secure, while ensuring an enhanced customer experience. Both introduce a number of important new regulated roles to be performed by service providers. These new functional roles bring with them some acronyms which can serve to confuse people unfamiliar with the subject. The overarching new regulatory status is a Third Party Provider (TPP). Banks, Fintech firms or even regular corporates, such as large retailers or online merchants, can become TPPs.

Candidates may be eligible to claim part of the cost incurred under the Investing in Skills Scheme.  Click here for further information.

A discounted price is available for students.  Booking is subject to availability and on presentation of a valid student card.

For full programme and registration form please click the pdf file below.

 

Tags: PSD2