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Open Banking – The hidden risks of using eIDAS checking for TPP identification

Watch our roundtable to hear experts discuss the risks of relying on eIDAS certificates alone for open banking TPP checking.

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eIDAS certificates are the identity credentials presented by third parties to financial institutions in order to gain access to account information or initiate payments. Our experts will discuss the differences between identification & authorisation and the potential costs of getting this wrong.

 

Overview

  • How do you verify a certificate and spot whether it is a good one or bad one?
  • What information is missing on an eIDAS certificate?
  • What are the potential pitfalls and the consequences of making a bad decision?

 

We will use examples to talk through the points above and share why Konsentus Verify has rejected some eIDAS certificates presented to us.

 

Our experts guided attendees through all you need to know, including:

  • What PSD2 eIDAS certificates are used for and who the organisations are who can issue them
  • How to check an eIDAS certificate and determine if it is valid
  • The reasons why a certificate might not be a good one
  • Information on the PSD2 roles within a certificate and what this tells you about the activities a TPP can perform
  • Common misconceptions and dangers of relying on eIDAS certificates alone
  • How to cross reference information within a certificate with other data sources to ensure you are a good data guardian
  • Synchronisation of data sources

 

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On completion of this form you will be sharing your personal data with Konsentus Ltd (company number 1115059) (“Konsentus”/”we”/”us”). We will process such information for the purposes of sending you the requested information. We may also send you marketing communications and information which we consider may be of interest to you from time to time. This may include sending information by email, or us contacting you by telephone, where relevant details are provided. We rely on our legitimate interests as the lawful basis for processing your data in this way. Under certain circumstances, you have rights under data protection laws in relation to your personal data, including the right to receive a copy of the data we hold about you. You also have the right to opt out of marketing communications at any time using the details in an email sent to you or by contacting us at insights@konsentus.com.

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