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A comment on Apple acquires UK open banking startup Credit Kudos.

Re:Apple acquires UK open banking startup Credit Kudos by explaingarlic on Wednesday March 23, 2022 @10:53AM (#30779065)
Open Banking is some serious business. Wondering if they're gonna face any fines in the coming years due to non compliance... These won't be the regular EU slap-on-the-wrist fines either.
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Re:Apple acquires UK open banking startup Credit Kudos by rmesters on Wednesday March 23, 2022 @11:45AM (#30779671)
It's happening already: https://www.finextra.com/newsarticle/39905/cma-writes-to-bar...
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Re:Apple acquires UK open banking startup Credit Kudos by erinnh on Wednesday March 23, 2022 @10:54AM (#30779083)
Why?

There already is a standard for open banking in the EU with PSD2.

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Re:Apple acquires UK open banking startup Credit Kudos by proctrap on Wednesday March 23, 2022 @10:56AM (#30779101)
Except it's not a standard. It's "everyone has a different API that is broken in another way". But you can threaten legal action if they don't fix it or help you, which gets stuff done.
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Re:Apple acquires UK open banking startup Credit Kudos by explaingarlic on Wednesday March 23, 2022 @10:56AM (#30779098)
I have genuinely no clue what that is. I don't think it's the same thing as Open Banking, though. The FCA did just fine NatWest a quarter of a billion for their blatant money laundering.
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Re:Apple acquires UK open banking startup Credit Kudos by dbbk on Wednesday March 23, 2022 @11:19AM (#30779353)
Open Banking is PSD2. They are the same thing.
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Re:Apple acquires UK open banking startup Credit Kudos by objclxt on Wednesday March 23, 2022 @04:06PM (#30782676)
No, it’s not. PSD2 does not define any APIs. Open Banking implements the requirements of PSD2, but they’re not the same thing.
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