fscom – Open banking and strong customer authentication: help!

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With only four months to go to the final PSD2 implementation date of 14 September 2019, all payment service providers must make sure they are urgently progressing plans to meet the additional regulatory obligations or to confirm that their obligations are met.

The additional obligations are contained in the regulatory technical standards for strong customer authentication and common and secure open standards of communication (the RTS). This document was published in November 2017, only a few months ahead of the implementation of the second Payment Services Directive (PSD2) in January 2018, but comes into force on 14 September 2019. The EBA has a draft version on its website but the final version is on the Commission’s website, here: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32018R0389

Read more here.

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