Third party access to accounts (XS2A), the use of API’s to connect merchant and the bank directly and the ability to consolidate account information in 1 portal and managed by new providers (not necessarily banks!) ...the updated Payment Service Directive (PSD2) will undoubtedly disrupt payment services in Europe. Banks will no longer only be competing against banks, but everyone offering financial services. And as they are obligated to provide these third-party providers access to their customers’ accounts; their competition are building their financial services on top of the banks’ data and infrastructure.
Besides the fact that the PSD2 will already cause major security challenges in its own, the directive also aims to make electronic payments safer and more secure, introducing enhanced security measures to be implemented by all payment service providers, including banks. At the same time, it will be a challenge for technology- based newcomers to meet the expectations of both the consumers and the European regulatory bodies; ensuring the highest levels of security are implemented.
What is impact of the new security value chain, roles and responsibilities, development of open API’s, how should banks respond? What are the main challenges of newcomers to this market? What are the authentication challenges, solutions and best practices to handle third party access to accounts (XS2A) ? These and other questions will be answered March 9th, in Brussels.
Audiences- level of Expertise
- Bank Enterprise CISO’s / Security Managers
- Bank Enterprise Security Architects
- FinTech company CEO, CISO, Security Architect
- Policy Makers
- Authentication and security solution providers
- IT Audit Managers
Banking Revolution & Security Challenges caused by PSD2 Thursday 9 March, Brussels – Belgium
Participation is free of charge upon prior registration. Participants interested in the handouts and presentations of the day will be charged a minor fee (121 €) to accommodate for the handling costs and taxes.