European Banks Failing to Meet PSD2 Deadlines

According to new research by open banking platform provider Tink 41 percent of European banks failed to meet the latest PSD2 deadline; the most recent deadline was earlier this month and required banks to set up a testing environment for third-party providers; the research covered 442 banks in 10 markets; the missing of one deadline now puts future deadlines at risk, such as the September 14 deadline to allow fintechs to access bank APIs; banks need to work better with their fintech partners and work more closely with regulators so they can ensure they stick to the timeline. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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