PSD2

PSD2

Revised Payment Services Directive

Are you ready for the era of open banking?

The revised Payment Service Directive (PSD2) revolutionizes banking services. It requires banks throughout the European Union to share their customers´ data with third party providers.. PSD2 leads to more competition in online financial services and sets the stage for Open Banking, a system that offers users a wider range of services. However, such customer data must be shared in a secure and reliable way through the use application programming interfaces (API). Rohde & Schwarz Cybersecurity delivers smart solutions that protect customers APIs against cyberattacks aiming at personal data and vulnerable online services.

Challenges

PSD2 and Open Banking delivers new opportunities, both for established and new players in financial services. At the same time, it poses challenges, especially concerning security. Banks will be forced to give third party providers (TPP) access to their customers´ data. Therefore, they will have to invest in APIs delivering such access. In order to protect their customers´ data they will have to secure those APIs. To do so, PSD2 introduces new Regulatory Technical Standards (RTS). To comply with RTS, we offer Web Application Firewalls and vulnerability scanners that meet the new regulatory demands.

Benefits of our solutions

  • Secure customer data and comply with PSD2.
  • Effective protection of Application Programming Interfaces.
  • Implement strong mechanisms for data security and customer authentication

Related products

Further information

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