All about PSD2
There has been a great deal of buzz regarding the PSD2 lately. It is a revision of the Payment Services Directive regulated by the European Union in an attempt to manage payment service providers throughout the EU. The PSD2 replaced the Payment Services Directive that was initially enforced in 2008.
The Need for Regtech & AI in Compliance
Regulatory technology, which is popularly known as RegTech, as the name suggests is the intersection of regulation and technology. It is an upcoming sphere of digital technology that has been evolving with the intent to make compliance simple and digitised by using artificial intelligence. This automated technology for due diligence and compliance is known for fixing inconsistencies within regulatory practices.