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…

[WSO2 Article] Frictionless Adoption of Payment Services Directive 2 (PSD2) with WSO2

Following webinar recording I did being at WSO2 discusses in detail on the security implications of PSD2, the available technical standards around the recommendations and what WSO2 products are in-line to cater for those.



 Source : http://wso2.com/library/webinars/2017/04/frictionless-adoption-of-payment-services-directive-with-wso2/

The detailed article can be found at : http://wso2.com/library/articles/2017/05/frictionless-adoption-of-the-security-recommendations-for-the-payment-services-directive-2-psd2-with-wso2/

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