Market dynamics in the financial services business rarely come on with an urgency attached. After all, the first Open Banking project in the UK dates back to 2016. Formal PSD2 discussions started in 2013. Therefore, it’s difficult to argue that financial institutions didn’t have advance warning about the changes that had the potential to significantly impact their business. But this is not the case for the EU banking sector in 2022. Regulations, deadlines and new technology combined make this a year to make or break propositions. ISO 20022 messaging for example, needs to be in place by November. The Open…
Author: Zhenya Winter, Head of Marketing - Financial Messaging, Bottomline
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