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, a leader in cybersecurity and risk management solutions, provides organizations with technology to address challenges across security, risk management and fraud prevention in the digital era. RSA solutions are designed to effectively detect and respond to advanced attacks; manage user access control; and reduce operational risk, fraud and cybercrime. RSA protects millions of users around the world and helps more than 90 percent of the Fortune 500 companies thrive and continuously adapt to transformational change.