The revised EU Payment Services Directive (PSD2) is due to come to force into force in January 2018 – consequently increasing the obligation for financial service providers to improve security and trust in transactions, whilst simultaneously affecting third party access to customer data, as well as the requirements for strong customer authentication where access to data requests are deemed risky. The directive does apply to the UK, despite the Brexit vote.
Extra security cannot come at the cost of poor user experience - all banks, financial institutions, or fintech organizations will need to implement a strong two-factor authentication solution that’s not only secure, but convenient – two defining features of MyID.
Frictionless two-factor authentication for your services and applications
All the info you need to ensure you're ready for the impending financial legislation
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