Digital transformation proved to be also a challenge for Financial Entities and Regulatory Authorities with urgent needs to be considered and actions to implement on a global approach to the challenges of the new era. In regard to payments, the new Payment Services Directive (PSD2) came to standardizing the regulations for banks and new players in the payments industry, ensuring transparency, security, innovation and fair competition between the old and new payment service providers.
In VGD Consulting we work with banks, fintechs, and tech companies to help them adapt and prepare for these changing regulations, and at the same time increase efficiency, helping with compliance processes.
On the other hand, Data protection
is now a priority, global l to all organizations, especially for payments industry. The General Data Protection Regulation (GDPR) has a huge impact on how companies must protect data. , We are able to provide guidance
to your organization will not only be compliant with both (GDPR & PSD2)
regulations but seeing opportunities
where others just see obstacles.