Payments

Will Post-PSD2 Be Post-Apocalyptic for Traditional Financial Services?

Angie White -- iovation, a TransUnion Company

Presentation

PSD2 is set to bring about major changes to companies doing business with European customers, especially in the financial sector. In this presentation, iovation starts with an overview of PSD2, then touches on open banking and examples of open banking services. A key provision of PSD2, Strong Customer Authentication, is highlighted next, including potential worries, how online retailers can meet the requirements set out by SCA, and defined exemptions to SCA. Attention then turns to transaction risk analysis, including how companies can utilize it to meet the requirements of PSD2 without introducing customer friction. The slides conclude with PSD2-related resources.

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Will Post-PSD2 Be Post-Apocalyptic for Traditional Financial Services?

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