New European standards require greater data sharing to accommodate faster transaction processing, mobile payments and other digital efforts — a trend that is also inspiring new collaborations across the pond.

PSD2, or the Payment Services Directive, requires banks to more openly share information with third parties in Europe. With U.S. institutions under the same pressure to respond to market forces, companies such as KeyBank are directly approaching technology companies with capital to fuel innovation.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry