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Banks are standing face to face with the PSD2 go-live deadline, however, they are still not ready to roll out their interfaces with Strong Customer Authentication (SCA). For this reason, the Financial Conduct Authority (FCA) agreed to give an extra 18 months for the roll-out of SCA.
SCA ensures that the consumption of financial APIs by the third party is done with the explicit consent of the customer and with multiple levels of assurance in the authentication, to ensure customer authenticity. WSO2 Open Banking allows compliance of SCA and provides extendability, allowing configuration of custom authentication methods such as SMS one-time password, out-of-band authentication, etc.
This deck covers in detail:
- An introduction to PSD2 AIS, PIS Flows
- The basics of SCA
- Configuration of Multi-Factor Authentication with WSO2 Open Banking
- Additional Adaptive Authentication with WSO2 Open Banking Business Intelligence
Watch the webinar on-demand here - https://wso2.com/library/webinars/2019/10/get-strong-customer-authentication-sca-ready-for-psd2/