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…

Gsoc

The first time I got to know about this in details is today, in the technical talks. It really is an idea that made me feel all of us on earth should work together competitively, sharing our knowledge to make this a better place. This is the attitude I wanted to have from a long time ago and I am not going to miss this great opportunity.
-follow the site and get details
-how to begin
-what are the requirements
-time-line
are few things that I should know as an start.The following link will give me assistance.
http://socghop.appspot.com/document/show/gsoc_program/google/gsoc2010/faqs#ideas

Comments

  1. Glad to drop by your page and found these very interesting and informative stuff. Thanks for sharing, keep it up!

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