The Payment Services Directive 2 (PSD2) is an EU Directive that sets requirements for firms that provide payment services and will affect banks and building societies, payment institutions, e-money institutions, and their customers (Source, FCA).
The objective of PSD2 is to increase consumer protection, make payments more secure, and payment services more accessible. You can find more information about payment services via the FCA websitehere.
As champions of Open Finance - where you, the consumer, own and control your own data at all times – we see these types of connections as the future of banking.