The EU’s PSD2: API Security and Financial Services
In 2015, the European Union adopted the Revised Payment Services Directive (PSD2). This legislative framework aimed to fix the financial services market, which was disrupted by the arrival of new innovative players. The 2010s gave birth to numerous FinTech startups providing new services in addition to traditional banking institutions. These services range from mobile payment solutions to online financial management, accounting, or crowdfunding platforms. Coined as Third Party Providers (TPP),
