Following on from the discussions about identity on Monday, it gets interesting to think about the customers’ data and who owns it, especially in light of the Payment Services Directive 2, PSD2 for short, which comes into force at the start of next year. *** The bottom-line is that there is quite a deal of friction between the FinTech community and the bank community over PSD2, Open Banking and the sharing of customer data. Banks believe that by sharing customer data they open themselves up to direct competition from the internet giants and could be subsumed in their ubiquitously overwhelming capabilities. However, regulators believe that only one constituent owns customer data and that is the customer.
https://thefinanser.com/2017/09/owns-customers-data.html/Nyhetsstrøm
