Solving the Omnichannel Authentication Problem
PSD2 (Revised Payment Services Directive) came into effect in January this year. It requires banks to share raw account data with third-party providers, based on customer permissions, and open up APIs allowing those third-parties to initiate payment transactions on behalf of the customer.
As part of its efforts to reduce online payment fraud, the PSD2 requires requires a Strong Customer Authentication (SCA) process whenever a payment is initiated or remote account access is requested.
Our latest whitepaper takes a closer look at PSD2 and what strong customer authentication means for financial institutions, with a focus on:
- The challenges of strong customer authentication
- The opportunities strong customer authentication can bring
- How intelligence driven authentication can help.