“New technologies are responding to customers’ desire for quick and convenient ways to pay. With the global pandemic driving payments online, businesses have had to adapt to changing consumer needs,” explains Mike Woods, CEO, Konsentus.
As we reach three years since the inception of regulated open banking in Europe, it is a good time
to look back at the security issues which have emerged in open banking ecosystems and what
steps are necessary to mitigate these risks. Read the full article in the magazine.
“Banks face genuinely frightening possibilities if they fail to check the identity and regulatory status of TPPs adequately. They are liable for both unauthorised access to data and fraudulent transactions, which could result in reputational damage and significant financial losses.”
