PSD2 Digital Transaction

Complying with the revised Payment Services Directive (PSD2) is currently a key priority for financial institutions (FIs) in Europe and beyond. In particular, financial institutions need to comply with the requirements related to Strong Customer Authentication and Transaction Risk Analysis. These requirements are outlined in the Regulatory Technical Standards (RTS) for Strong Customer Authentication (SCA) and Common and Secure Communication… Read more


UK Fraud Regulation

Banking transactions are rapidly moving online, offering convenience to customers and allowing banks to close branches and re-focus on marketing more profitable financial products. At the same time, new payment methods, like the UK’s Faster Payment System, make transactions irrevocable within hours, not days, and so let recipients make use of funds immediately. However, these changes have also created a… Read more


Raiffeisen Italy is the umbrella organization for 40 entities of Raiffeisen Bank in the Italian province of South Tyrol. Overseeing the IT services for these member banks, Raiffeisen Information System CIO Alexander Kiesswetter modernized Raiffeisen Italy’s authentication system to comply with the revised Payment Services Directive (PSD2). As part of that initiative, Raiffeisen Italy introduced a standalone mobile app that… Read more


Fraud is an ever-evolving threat. Not every fraud monitoring tool on the market can keep pace with the new schemes constantly popping up. That’s why it’s essential to deploy the right fraud solution – but to be successful, there are many factors to consider. Regulatory compliance will always play an important role when deciding the must-haves in your fraud monitoring… Read more


The open banking trend continues around the world, and most recently, the U.S. has taken another step towards adopting the policy. On July 31, the U.S. Department of Treasury published a detailed report, titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation that will likely serve as the catalyst for open banking in the United States. The Department… Read more


In the world of B2B tech, getting to know a company as a vendor and corporate citizen is as important as vetting its products and services. While a company’s mission statement and brand promise provide insight into its guiding principles, companies are like people in that their actions tell the story of who they are. At OneSpan, that story happens… Read more


September 17, 2018 - Sarah Van de Vyver

Recently, the FIDO Alliance (Fast Identity Online) announced the availability of its FIDO2 protocol. What is this, how does it impact the traditional login password, and why should financial institutions (FIs) pay attention? FIDO: Eliminating the Traditional Password Improving the overall user experience and removing friction is key for financial institutions deploying online and mobile applications. User experience has a… Read more


Adaptive authentication represents the cutting-edge of authentication technology, and Intelligent Adaptive Authentication (IAA) sits at the forefront. It allows financial institutions (FIs) to break the balancing act between mitigating fraud and encouraging growth. Fraud mitigation has traditionally been perceived as a trade-off between security and user experience: If FIs tighten their security measures, they will prevent more fraud – but… Read more


Legal Update

There is a lot happening in regards to regulation for financial institutions (FIs) around the globe. In many countries, there is a drive for further regulation; meanwhile in the U.S., we are seeing bank regulation reform and deregulation, as evidenced by the repeal of the Dodd-Frank Act. Below, we’ve compiled the top regulations, laws, and standards that impact financial institutions… Read more


Fornite on Mobile

CEO Tim Sweeny of Epic Games, the publisher of the wildly popular Fortnite game, is on a mission to “advance the openness of all platforms” – not to mention side-step Google’s 30% take of developer proceeds – by distributing Fortnite for the Android platform via their website rather than the Google Play store. I applaud a maverick challenging the status… Read more