The European Union’s revised Payment Services Directive (PSD2) has paved the way for a new era of Open Banking globally. As a result, it will have huge impacts on business models, security mechanisms and innovation in banking. In recent times, a question that has arisen consistently is how security and innovation can go hand-in-hand? Open Banking was introduced to change and improve how consumers bank, but what’s become evident is that With PSD2, the number of third-party payments providers (TPPs)…