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New banking infrastructure and regulation: Blockchain, Instant Payment, Psd2 and Open Banking

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  • Giovanni Sabatini

    (ABI)

Abstract

Banks are increasingly facing the challenges introduced by technology and over regulation, involving high compliance costs. The implementation of Psd2 Directive has profoundly changed the payments system framework: banks will have to open accounts for Third-party access for the use of payment services and may themselves operate as Third parties. This revolution is based on the opening of the banking ecosystem to the Fintech world by promoting immediate and mobile banking services available on several international markets

Suggested Citation

  • Giovanni Sabatini, 2019. "New banking infrastructure and regulation: Blockchain, Instant Payment, Psd2 and Open Banking," BANCARIA, Bancaria Editrice, vol. 2, pages 8-17, February.
  • Handle: RePEc:ban:bancar:v:2:y:2019:m:february:p:8-17
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    File URL: http://www.bancaria.it/en/new-banking-infrastructure-and-regulation-blockchain-instant-payment-psd2-and-open-banking
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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