New FinTechs are entering the market, that are often ideally positioned to make full use of this data. 3  Fout! Onbekende naam voor documenteigenschap. One of few competitive advantages that banks have, is they enjoy a stronger position of public trust than FinTechs do.
Our survey revealed that if customers had the choice between an app offered by their bank, or a similar service from an unknown FinTech startup, they’d stay loyal to the bank they’re familiar with. But no one knows where the tipping point lies. Once it is crossed, PSD2 could drive banks into the background. With customers obtaining services directly from third party providers.