Posted on May 29, 2018 by MVNO Blog.
Posted on March 5, 2018 by Laura Bernheim a Managing Editor for HostingAdvice.
PSD2 and Open Banking are all about making the European financial industry more customer-centric – while ensuring a secure environment. Enabling secure, easy digital payments will be paramount to success in an industry on the brink of digital disruption.
PSD2 is changing the banking experience as we know it. The consumer experience is at the forefront, competition is coming, and security measures are expected to be strong, future-proof and frictionless. Banks need clarification on dates, an understanding of what’s needed and best practices for implementation, and how they can use PSD2 to their advantage – ensuring they meet their CEO’s goal and long-term desired outcome.
UK Finance recently reported a total of £503 million was stolen by criminal through authorised and unauthorised fraud in only the first six months of 2018 – and that doesn’t even account for the £705 million of fraud that was prevented during this same time-frame.