Tag: PSD2

Nearly half of UK consumers are likely to abandon future purchases if they are faced with a multi-step authentication process, a study from Forter claims.

The Financial Market Supervision in Austria (FMA) has issued a temporary extension for PSD2 interfaces, to ensure a seamless functioning of payment transactions.

Italian RegTech company Fabrick has launched two ready-to-use solutions enabling companies to remain compliant with the updated Payments Services Directive (PSD2).

With less than a month until the final deadline of Strong Customer Authentication (SCA), fears around preparedness are still prevalent and firms are trying to ensure there will not be a fall in payments come September 14.

Germany’s Federal Financial Supervisory Authority (BaFin) has made a temporary measure which allow online payments that do not meet strong customer authentication requirements.

Wirecard, digital financial technology developer, has released a new fast track to PSD2 onboarding through its digital Financial Commerce platform.

Ernst & Young (EY) has partnered with Open Banking Nigeria to build and advocate a standard application programming interface (API) for the country’s financial services industry.

As the deadline for PSD2 looms and financial services frantically try to get systems ready, application programming interface (API) standardisation would ease challenges, according to a panel at the Global RegTech Summit 2019.

The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities.

The European Banking Authority (EBA) has published a new set of clarifications regarding APIs under PSD2.