As we step into 2024, the financial sector is brimming with transformative regulatory changes, impacting the realms of electronic payments, cryptocurrency, buy-now pay-later schemes, and enriched merchant data standards.

PSD3, the anticipated upgrade to PSD2, emerged in late 2018, marking a regulatory stride five years after PSD2's introduction. The renewed Payment Services Directive aims to encompass a broader scope than its predecessor, reflecting the ever-evolving landscape of electronic payments and the entrance of new providers offering open banking services.

In 2023, fintech is rapidly evolving with AI integration and changing regulations. AI is revolutionizing risk assessment, customer service, and more. The industry must adapt to regulations like Mastercard's AN 4569.

Organizing and categorizing data play a crucial role in efficient payments processing. With our new system offering 14 categories and subcategories, you can gain better insights and a deeper understanding of customer behavior.