The API Becomes a Regulated Surface: Vladyslav Kolodistyi on PSD3, Open Banking Performance and What
Vladyslav Kolodistyi discusses the implications of PSD3 on open banking regulations and performance. He highlights how the evolving landscape of APIs is transforming into a regulated surface, requiring participants to adapt to new compliance measures.
Kolodistyi also underscores the importance of these changes for the future of financial services, emphasizing that the ability to navigate these regulations effectively will be crucial for fintech companies aiming to thrive in the competitive open banking ecosystem.
Key takeaways
- ▸Vladyslav Kolodistyi emphasizes the shift of APIs towards being regulated surfaces under PSD3.
- ▸The evolution of open banking regulations is crucial for fintech companies' compliance strategies.
- ▸Effective navigation of the new regulatory landscape is essential for success in the growing open banking market.
Why this matters
The regulation of APIs under PSD3 will reshape how financial institutions and fintechs interact with data, impacting competitive dynamics. Companies that proactively adjust to these regulations may gain a significant advantage, while those that resist change could face difficulties in compliance and market relevance.
Entities
Related stories
- 1.