Update

Will it soon be possible to transfer money via Alexa?

Amazon is forced to use an EU banking license over Facebook and Apple because they already have one.

Some German banks are already planning Alexa voice banking skills. What are the legal limits for voice transfers?

What are the consequences if someone accidentally transfers money to their account using your Echo speaker? We'll clear that up for you:

German banks currently believe in their own banking skill, although there are still some legal conflicts with the Payment Services Directive PSD2. If Amazon were to actually launch Banking Skill in Germany, the company would be considered an account aggregation service provider and would therefore need a banking license.

In any case, Germany's strict data protection laws will prevent Alexa from becoming a multi-banking tool in the future, or at least severely limit it. Therefore, voice commands like "Alexa, transfer the rent" or checking your account balance will not be possible in the near future.

Receive Important Update Messages Stay tuned for upcoming Amazon Alexa Voice Service updates

Was the content helpful to you?

Advertisement Advertise here?
Udemy IT certification ad