Regulatory Technical Standards RSS
National Competent Authorities (NCAs) – the national bodies responsible for overseeing PSD2 in EU member states should be flexible around the implementation deadline for PSD2 in a bid to avoid an Open... more
The post National regulators should promote PSD2 flexibility to avoid Open Banking cliff edge appeared first on Payments Cards & Mobile.
The European Banking Authority has published an Opinion on the implementation of the Regulatory Technical Standards on Strong Customer Authentication and common and secure communication. It has also published a... more
The post EBA clarifies Strong Customer Authentication requirements for PSPs appeared first on Payments Cards & Mobile.
The overall idea behind PSD2 open banking is not new, Yodlee and others have for a while aggregate accounts, and they have done this through a process known as screen scraping. Now though the world is changing and radically. The first and most important point to make is what has been published by the EU [...]
The post PSD2 open banking: The ticking timebomb for financial institutions appeared first on Payments Cards & Mobile.
Future of European Fintech Alliance statement on the final Regulatory Technical Standards (RTS) on strong customer authentication
The Future of European Fintech Alliance, consisting of 72 European FinTechs, challenger banks and FinTech associations, has taken note of the final Regulatory Technical Standards (RTS) on strong customer authentication and secure communication under PSD2 adopted by the European Commission. The text constitutes a workable compromise between the interests of the incumbent banking industry on [...]
On 23 February, the European Banking Authority (EBA) announced its intention to outlaw screen scraping in one of their Regulatory Technical Standards (RTS) complementing the revised Payment Services Directive (PSD2), set to come into force in January 2018. Screen scraping sounds sinister. In fact, it simply refers to the practice of automating any internet browsing [...]
The post The EBA is wrong about screen scraping — and it’s going to hurt European FinTech! appeared first on Payments Cards & Mobile.