What’s New in PSD2: A Guide for Banks, Merchants and Providers
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PSD2 seeks to eliminate a perceived monopoly across European banking and payment sectors and level the playing field for large and small financial institutions and merchants. While some preparation is necessary, PSD2 offers a great opportunity to build and maintain customer trust and confidence by protecting customer data and reducing friction across the account lifecycle.
In this guide, we examine the new standard and its impact on financial institutions and explore how a 2-part solution that blends Open Banking and Strong Customer Authentication (SCA) can help you rise to the challenge of PSD2.
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