The goal should be better and cheaper services for consumers and households. Everyone should have access to financial services at reasonable prices. But PSD2 is not only about payments. It affects the financial industry more widely, since payments and other financial services are intricately connected. For banks, payments are the most frequent touchpoint to their customers.
PSD2 forces banks to open their payments infrastructure to all kinds of service providers. Customers are free to choose, and will retain control of, who can access their accounts. 3.2 New types of risks – regulatory and macroprudential challenges Let me next consider examples of risks, which need special attention as the digitalization process goes along.