Open banking refers to reforms on how banks deal with financial information. It arrived alongside a regulation in Europe named “the second Payment Services Directive” (PSD2).
While there is considerable uncertainty about both the gravity and timing of the threats to emerge under the PSD2, the new regulation opens highly attractive opportunities for established payments organizations. But to win, banks will need to capture this disruption and turn it to their...
PSD2 is a customer-centric regulation that should improve the customer environment, benefiting end-users and all banking and payment parties. Partnerships and open-banking APIs with the right security level brought by SCA and risk monitoring can generate value by: Adding third-party capabilities to ...
一、 何为PSD2? 为促进创新和竞争、增加消费者网络支付的安全性,欧盟基于已有的《支付服务指令》(Payment Service Directive)与《 通用数据保护条例》 (General Data Protection Regulation, GDPR)颁布新的支付服务法令(Payment Service Directive 2,PSD2)。 该法令要求: 一、2019年9月所有欧盟地区的银行必须为第三方...
Leading banks have started building strong partnerships and open-banking API hubs, showing how PSD2 regulation can be the perfect tool for more innovation in payment and banking. PSD2 compliance: Where do we fit in? As a leading provider of digital security solutions, we enable banks and finan...
A new payments business model will become available to banks once open banking takes effect. By opening up the traditional structures that have dominated financial services, open banking and PSD2 create opportunities to condense the payments value chain. This enables the in-app, one-click purchasing...
Our digital security portfolio includes identity, TLS/SSL and SEAL certificates, and HSM solutions to help you comply with each of the primary pillars of the Payment Services Directive 2 (PSD2) regulation: Strong Customer Authentication (SCA) ...
It’s been over a year since PSD2, or European Union’s Payment Services Directive 2, was first released to the open public. This directive, considered by many voices in the banking industry to be the most significant regulation in Europe to affect the banking sector in the last few decade...
Even though open banking might be quite straightforward, PSD2 can have quite a few big words. In this PSD2 FAQ, no question will be left unanswered.
“PSD2 will revolutionize the payment industry, particularly with its open banking initiative,” says Bellino. The initiative provides regulated third-party providers (TPPs) access to consumer and business bank accounts, provided the account holders have consented. This enables consumers to more easily...