The evolution of the payment services market is gathering momentum fast, driven on the one hand by continuous technological innovations, on the other by the important legislative changes that are redrafting the rules of the market.

In a bid to increase competition at European level, the first Payments Service Directive (PSD) was passed back in 2007, extending its applicability even to non-banking entities, while, at the same time, harmonizing industry rules in order to guarantee transparency and greater consumer protection. It had actually envisaged the introduction of a regulatory framework for SEPA (Single Euro Payments Area) for payments within the European area.

In these last ten years since the PSD came into force, the evolution of digital technologies and the emergence of new Fintech operators in the financial sector has raised the matter of an urgent need for revising and redefining the scope of the original PSD in light of the new scenarios, which had remained outside the scope of the first directive.

With the passing of EU Directive 2015/2366 (so-called PSD2), the EU steps up the security of transactions and consumer protection, while introducing the concept of Open Banking by opening the payments market to new players. Thanks to the creation of banking Application Programming Interfaces (APIs), authorized Third Party Providers will be able to access the customer's bank details.

If you are a Third Party Provider and wish to interact with Credem Euromobiliare Private Banking:

›› Click here for general information

›› Click here for a summary of available technical documentation

›› Click here to submit questions

Statistics and publications

Credem Euromobiliare Private Banking makes the quarterly statistics required by the European Payment Systems Directive (PSD2) available below.