The Future of Digital Banking – K2 Product Design

The rising popularity of text messaging applications among users of digital products, which convinces us that the dialogue text-based interfaces are the future: fast, familiar and intuitive. The availability of open Application Programming Interfaces (APIs), that banks in Europe will be forced to provide for third parties after passing of the second Payment Services Directive (PSD2) by the European Union Commission on 8 October 2015. APIs are standards of direct communication between various pieces of software, for example between banks and retailers systems. This is important not only for financial institutions, but for e-commerce as well. The rising popularity of text messaging applications among users of digital products, which convinces us that the dialogue text-based interfaces are the future: fast, familiar and intuitive. The availability of open Application Programming Interfaces (APIs), that banks in Europe will be forced to provide for third parties after passing of the second Payment Services Directive (PSD2) by the European Union Commission on 8 October 2015.