No Match Found
The second Payment Services Directive (PSD2) is entered into force in Belgium on 12 January 2018, two years after the publication of the Directive at European level. With this new Directive, the EU aims to increase competition and innovation in the payments ecosystem, extend the scope of market participants and reinforce the Digital Single Market.
The impact of PSD2 is significant for new and existing market players, and there’s little time left to launch change initiatives and to comply with regulatory requirements, especially with the wide scope of the Directive.
Existing Payment Services Providers (PSPs)
Such as Banks, Electronic Money Institutions, or Payment Institutions, as well as new entrants to the Belgian market.
Existing PSPs from other markets
Example: PSPs are relocating to Belgium due to Brexit or for other reasons
Fintechs, Regtechs and other technology companies willing to provide payment services.
With the introduction of the second Payment Services Directive in January 2018, we’re bringing together our combined knowledge and experience of the payment services industry across lines of service to support clients in their transformation journey, such as with the technical, operational and legal challenges they face.
Restructuring of existing exemptions for:
We not only use our expertise within our PSD2 European Centre of Excellence, but also call on and share experiences with the global network, to clients’ benefit. They can also take advantage of our in-depth Financial Services and regulatory expertise, as well as our market intelligence.
With a multi-disciplinary team - comprised of legal, compliance, technology and governance experts, among others - we’re able to deliver end-to-end solutions from Strategy through Execution.