Open Banking was introduced to change and improve how consumers bank, but what’s become evident is that With PSD2, the number of third-party payments providers (TPPs) connecting to banks’ systems has increase, boosting the risks of unauthorized access to customer data or even fraudulent initiation of payments. So banks need to increase security, but at the same time grant access to all registered TPP – while also striking a balance between strong customer authentication and a frictionless user experience. Banks are struggling to implement Open banking along with SCA. Therefore, Kinfos is proud to organise Europe’s first dedicated forum on Open Banking & SCA to address this important topic.
