Prepare for PSD2 with Strong Customer Authentication, Fraud Risk Management and Open Banking APIs
- LANGUAGE: English DATE: Thursday, September 13, 2018 TIME: 4:00pm CEST, 10:00am EDT, 7:00am PDT
Banks will soon have to comply with the Revised Payment Service Directive, commonly called "PSD2." The directive will introduce massive changes to the payments industry and radically alter the user experience for customers of European banks by allowing third party payment service providers (TPP) to access their account information to provide various innovative financial services. But to mitigate risk, banks and TPPs must address the core regulatory technical requirements outlined by PSD2.
It is imperative that banks begin now to build and lock down their security strategy pertaining to strong customer authentication, fraud risk management and open banking APIs.
In this KuppingerCole webinar, we will discuss:
- The overview of PSD2 technical requirements
- Implementing and properly securing open banking APIs
- Prerequisites and relevant technologies for Strong Customer Authentication requirements, including adaptive authentication and fraud risk reduction techniques
In the first part of the webinar, John Tolbert, Lead Analyst at KuppingerCole, will talk about new opportunities and challenges that PSD2 is going to unlock for banks, service providers and consumers. He will outline major technical requirements for implementing the directive and discuss their security implications.
In the second part of the webinar, Nathan Close, Technical Lead EMEA, Fraud & Risk Intelligence at RSA will discuss current trends in digital fraud, how PSD2 will impact the incidence of fraud, and how adaptive authentication can be used to effectively combat it.
RSA® Business-Driven Security™ solutions provide organizations with a unified approach to managing digital risk that hinges on integrated visibility, automated insights and coordinated actions. With solutions for rapid detection and response, user access control, consumer fraud protection, and integrated risk management, RSA customers can thrive and continuously adapt to transformational change. For more information, visit rsa.com.
Many different factors are driving Digital Transformation in the market today. One factor is the change in how businesses interact with their customers. Another factor is more on the technical side that addresses the implementation of new Digital Services that have become more complex due to the different environments and the many integration points to consider.
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