On September 14th the final deadline of complying with the new Payment Service Directive PSD2 will be reached. Among other things, this directive will bring quite a few technical challenges for credit institutions. These include new requirements on two-factor authentication and API access for third parties. In this blog post we will give a short overview of what this means for banks from a security perspective and outline a few of the security-related issues based on what we have been observing during recent assessments of such APIs.
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