UK regulator seeks ways to ‘open up’ payments data
PSR says “synthetic data” could be used in trials to protect confidentiality
The UK’s Payment Systems Regulator (PSR) says it will explore ways to “open up” payments data in a bid to support innovative new services, while pushing the industry to do more on data management and protection.
Having weighed up responses to a recent discussion paper, the PSR said it saw scope for a project to open access to data, under the aegis of the “new payments architecture” (NPA).
The NPA is a project to overhaul the infrastructure behind the UK’s retail payment systems, in the process
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