Solve the Identity Problem in PSD2 & GDPR
Sponsored by: Jumio
- Second Payment Services Directive
Date: 6 November
Time: 3PM London/11AM New York
Are you ready to meet identity & authentication requirements under PSD2 & GDPR?
Europe is set to undergo dramatic payment and security changes in 2018. The Revised Payment Services Directive, also known as PSD2, will soon make it mandatory for banks in the European Union to add stronger security layers to their customer accounts.
Strong Customer Identity Verification (SCeID), and two-factor Strong Customer Authentication (SCA) will be required on all remote access to customer accounts. Failure to implement these capabilities opens banks to the risk of penalties up to 2% of global annual turnover under the new General Data Protection Regulation (GDPR).
This webinar examines how SCeID and SCA are inextricably linked to PSD2 and GDPR, including guidance on how the legislation mandates regulated firms to digitally verify customer identity, and how scalable technology can help to manage these requirements.
Join this webinar in association with Jumio, the leading digital identity verification company, and Consult Hyperion.
Business Development Manager
Gordon is a Business Development Manager at Jumio, covering FS and Services in EMEA.
He has worked in strategy consulting and business development throughout his career, having previously worked for Accenture and other technology companies.
Gordon has worked extensively in Fintech and is passionate about using technology to create a better user experience in banking.
Principal Consultant, Consult Hyperion
Tim Richards is a technologist and behavioural psychologist who started out working on the first generation of GSM mobile phones and has survived in the industry long enough to discover a use for most of the features he designed.
He helped design the electronic purse Mondex, the smart card operating system Multos and some of the original EMV solutions and has since amassed over 25 years experience designing secure smart card solutions across payments, mobile, transit, identity, passport, healthcare and loyalty solutions. He is currently the PSD2 lead at Consult Hyperion's advising banks and payments providers on the impact of this regulation.
Key Learning Objectives
- How SCeID and SCA are connected
- How regulatory mandates such as PSD2 and GDPR are similar, and how they differ
- What are the challenges SCA and SCeID bring
- What technology solutions can regulated companies leverage to meet their obligations around security and identification
- How to create new value for your customers through Strong Identity Verification (SCeID)