Compliance and Beyond

  • TYPE: Combined Session DATE: Thursday, March 01, 2018 TIME: 15:00-16:00 LOCATION: maX 1
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On January 13th, 2018 a new set of rules for banking came into force that open up the market by allowing new companies to offer electronic payment services.  On November 27th, 2017 the European Union published and press release and a draft Regulatory Technical Standard (RTS) on strong authentication.

On the one hand the press release says that – “thanks to PSD2 consumers will be better protected when they make electronic payments or transactions because the RTS makes strong customer authentication (SCA) the basis for accessing one's payment account, as well as for making payments online”.  However, the RTS explicitly excludes preventing Payment Service Providers (PSP) from using the customer account credentials or imposing redirection to the Account Service Provider for authentication.

This session will discuss the security implications of this RTS on the use of proven industry standards such as OpenID and SAML as part secure authentication for open banking.


Speaker:



Speakers:

An experienced entrepreneur and executive, Claus has been active in the software industry for more than 30 years. In 2000, he founded Servolutions GmbH, a company that develops email server infrastructure products for more than 60,000 global customers. Prior to that, Claus served as...

Senaka is a Director - Solutions Architecture at WSO2, an elected member of the Apache Software Foundation, and a member of several technical committees at OASIS. He sits in some of the key project management committees and contributes to a number of open source projects committed to the...



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Moderators:

Session Links

Mike Small - PSD2 – Does the RTS Prohibit Secure Customer Authentication?

Panel - PSD2 and the Identity Problem

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Frankfurt, Germany

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Digital Finance World 2018

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English
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  • Feb 28 - Mar 01, 2018 Frankfurt, Germany

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