IT Security

Open Banking, PSD2, and the Transformation of Financial Services

By ForgeRock

ForgeRock
Overall Rating

Overview

The Open Banking mandate in the United Kingdom and the second Payment Services Directive (PSD2) regulation in the EU are meant to increase competition and innovation in the financial system. They come into force in early 2018 and will set new standards for banks in the areas of strong customer authentication, secure application programming interfaces (APIs) for customer data sharing, and modern customer consent mechanisms.

This is a golden opportunity for banks not only to comply with regulations, but to also position themselves for success in the new era of digital banking. A complete digital identity management platform can help banks to meet new technical demands and also introduce new personalized products and services, strengthen customer relationships, and build the secure banking platform of the future.

Download this overview to learn how the ForgeRock Identity Platform can address the four main challenges that come with Open Banking and PSD2:
 
  • Securely authenticating customers, employees, partners, and things
  • Managing API access to confidential customer data
  • Sharing personally identifiable information with customer consent
  • Leveraging identity best practices to rapidly deploy in various environments

Based on your interest, we think you’d enjoy learning more about ForgeRock’s Digital Identity Platform and we’d like to contact you from time to time with relevant news and information.

Liked what you read? That’s only the tip of the tech iceberg!

Explore our vast collection of tech articles including introductory guides, product reviews, trends and more, stay up to date with the latest news, relish thought-provoking interviews and the hottest AI blogs, and tickle your funny bone with hilarious tech memes!

Plus, get access to branded insights from industry-leading global brands through informative white papers, engaging case studies, in-depth reports, enlightening videos and exciting events and webinars.

Dive into TechDogs' treasure trove today and Know Your World of technology like never before!

Join The Discussion

Join Our Newsletter

Get weekly news, engaging articles, and career tips-all free!

By subscribing to our newsletter, you're cool with our terms and conditions and agree to our Privacy Policy.

  • Dark
  • Light