Structure:

1. New European rules, he says, willopen the door to

a host of? innovative servicesthat analyse transactions, so"an app could tell you there's a cheaper mortgage available and start theswitching process for you.

2.technology-driven disruption

3.mount a challenge

4.Providedthe customercustomer hasgiven explicit consent, banks will be forced to share customer-accountinformation with licensed financial-services providers.

5.Security for payments above 30($32) will? betightened up, with customers having to provide two pieces of secretinformation("strong authentication") to wave through a transaction.

加強

6.rock-bottom interest rates

7. a handy source of

8.be manifested as

9.perfect on paper

10.water down:稀釋

11.bared their teeth

12.team up： 合作

Vocabulary:

1.mortgage:抵押

2.predetermined:業已決定的

3.overdraw:透支

4.dire:極端的

5.incumbent：企業

6.cumbersome：笨重的明確的

7.explicit:明確的

8.legitimate:

9.fraud:欺騙

10.confrontation: