Open Banking: Gordian Legal Knots in the Uncomfortable Cohabitation between the PSD2 and the GDPR

This work analyses problems in the legal framework of Open Banking enabled by Payment Services Directive 2 (PSD2). It goes through role EU law regulation payment services up to their transition towards digitalization and fintech, show scale changes brought PSD2 a territory unfamiliar traditional banking. The resulting conflation between banking data economy reveal brand-new market. normative intersection General Data Protection Regulation (GDPR) expose not only poor coordination but also growing entanglement knots. inconsistencies, loopholes, interpretative difficulties are examined operational risks beyond technicism. A rethinking, or at least correction, European regime is necessary reconcile needs an emerging market protection its users.