INSUBCONTINENT EXCLUSIVE:
Two significant changes to European Union regulations have given the FinTech industry a major shot in the arm and strengthened its position
as a competitor to traditional banking, the result of which will be that United States banks will beforced to rethink their client
strategies.Along with the EU's General Data Protection Regulation (GDPR), which gave citizens the right to control the use of personally
identifiable information, the Payment Services Directive 2 (PSD2) required the sharing of consumer banking data with third parties when
authorized by the customer.
