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Morover, this revolution mainly consists in new rules and regulations that delas with:
• Credit system (Basel I, II, III)
• Account holders/investors risk mngmt (MiFID)
• Fast and risk controlled credit access (SEPA, PSD)
Finally, in a nearby future the scenario could be:
• Consolidation of market’s players (banks, finacial institutions)
• The evolution or the creation of new rules that will lead to a reinforcement of the control of the market’splayers. (Basel III, MiFID2, (CRR)2, ecc.)
• Hi-Tech evolution and mngmt evolution (digital innovation, SEPA2, PSD2)
During this latest decade the Italian bank world has undergo a deep revolution.This revolution deals with new technological features, new regulator’s trends and new internal processes and bestpractices .
The text itself«The Directive on Payment Services (PSD) provides the legal foundation forthe creation of an EU-wide single market for payments. The PSD aims atestablishing a modern and comprehensive set of rules applicable to allpayment services in the European Union. The target is to make cross-borderpayments as easy, efficient and secure as ’national’ payments within aMember State. The PSD also seeks to improve competition by opening uppayment markets to new entrants, thus fostering greater efficiency andcost-reduction. At the same time the Directive provides the necessary legalplatform for the Single Euro Payments Area (SEPA).»
The integration between differenttype of network must be keep inmind (digital divide). The actulasituation in Italy is not as good aseveryone can think, especially in themodbile ones.The PSD2 «actros» must have theability to keep in touch (digitallyspeaking).
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