Revised Payment Service Directive: Understanding Its Technical Requirements for a Smooth and Secure Customer Experience

PSD2 will require 2 major technology thrusts: exposing and securing APIs for banking functions, and presenting strong authentication options for financial customers. Banks have to open up many of their core banking functions to enable the PSD2 ecosystem where Third Party Providers (TPPs) can directly initiate payment transfers and aggregate account information. Urs Zurbuchen will present how important a combined approach of web application security and identity access management is to fulfill the necessary compliance requirements. Especially for strong customer authentication the market is in a constant change for the perfect second factor, fulfilling all security needs but also offering highest usability.