Beyond PSD2 for a Better Open Banking Expereince

PSD2 is acting as a catalyst in the digital transformation happening in the Banking industry. While meeting the compliance requirements of PSD2, financial institutes are excited to make use of the new business models and opportunities opened by this laid foundation. More the customers and partners we can reach, more the business activities and more the revenue. Making the banking functions more accessible and reactive will be a key enabler to provide a seamless experience to these parties, including internal banking staff whom directly affects the business efficiency.
IAM plays a critical role in improving business accessibility without compromising the system boundaries. PSD2 mandates strong customer authentication(SCA), setting the bar high for user authenticity, while keeping few exemptions, not to bother payment services user(PSU) with SCA for every little transactions. While adhering to this policy will make an institute PSD2 complaint, if they can react fast to the fraud rates…
The dark is gone,letting a new day to be dawn. Somewhere in the universe , on a dot like planet called 'Earth' one part is starting their work with warm Sun Rays. So here are the wishes for YOU all for a magnificent day!

Comments

  1. hi push..
    just get to know ur blog right now.
    happy to see u started blogging in my B'day :-D hehe!!
    wish u all the best and keep continuing
    3 cheers from me!!!
    upekha

    ReplyDelete
  2. hi Upekha,
    Thank you very much for the encouraging comment. Nice to keep in touch with you.
    Push..

    ReplyDelete

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