Opposing Forces: The PSD2 Secure Customer Authentication & Regulatory Technical Standards Quagmire

by paul

If you use any fintech product that relies on data from your primary bank account, you will have navigated Secure Customer Authentication (SCA) processes. You will also have run into the 90 Day Reauthentication requirement that demands you confirm you want the fintech to have access to your bank account data, while at the same time re-navigating SCA and consent mechanisms. These two components are part of PSD2’s regulatory technical standards. They’re also the finicky bits that are killing PDS2’s ability to deliver competition, innovation, and better customer outcomes to the EU and UK markets.

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