[sjtgraham]

My hypothesis is that PSD2 will not be the golden opportunity everyone hopes. Banks are an oligopoly and unfettered open access to their customers via open APIs is potentially a disaster for them. They have little to gain and everything to lose. When you consider this and then expect incumbent banks to act in their self-interest it follows that they will act to subvert the impact of PSD2, e.g. by fragmentation, lobbying for onerous requirements in order to consume them, etc. All of this is already happening, which is why I think there is an opportunity for Teller by truly aligning with developers and users.

[llsf]

Removing roaming fees for all European telecom operators was also a something that they had little to gain and everything to lose. But, here we are. From my understanding SEPA is getting implemented. I could see PSD2 following the same path. Some banks will drag their feet, but it is a pandora box situation, as the banks that will implement PSD2 first might get all the apps attention and love, potentially driving new customers. Let's see next year how PSD2 adoption pans out...

PSD2 explained: https://transferwise.com/gb/blog/what-is-psd2

[jasiek]

Current roaming regulations in the EU are designed with the biggest, transnational players in mind. By subsidizing operations in a less lucrative market using proceeds from other countries, they can bleed smaller national telecoms. They will then proceed to buy them for pennies on the dollar. This will result in less competition down the road, and higher prices for the end user.

[icebraining]

Can you break that down? How do the roaming regulations enable those bigger players to do that?

[jasiek]

http://ec.europa.eu/transparency/regdoc/rep/10102/2016/EN/SW... - see page 32 (ARRPU). Operators in different countries have different profits per user (obvious). If you have someone like T-Mobile or Orange, they'll use the proceeds from say... France, to finance their operations in say... Poland. This will put pressure on other national operators to further lower prices. Lower prices mean lower profit margins, mean lower dividends, lower company valuation, being less attractive to investors, etc. After a while their value will decline by so much, they'll be willing to sell themselves at the current going price of their infrastructure. Orange buys them, and kills off competition.

[aembleton]

That would be referred to the competition commission and could be blocked.

[jasiek]

This has already happened and no one batted an eyelash. Why?Because, Orange is French and T-Mobile is German.