The revised Payment Services Directive (PSD2) goes into effect in Europe in January of 2018, but few banks are ready. By law they will need to make customer data available in a secure manner, and eventually to give third parties access to their customers accounts. But equally important to these compliance efforts are the strategic implications for banks. How will they organise themselves and operate in a world of "open banking"? In the first half of 2017, we've interviewed executives to understand how well banks are advancing towards PSD2 compliance and the strategic direction they are choosing.