In today’s dynamic world, the fifth generation of global wireless technology (or as we know it, 5G) is driving innovation in the financial sector, and the global pandemic is changing everyone’s lifestyle and payment habits, online payments become more and more important. Against this backdrop,… Read More »Using SIEM for Simplifying PSD2 Compliance
PSD2 is the new EU Directive that aims to open up the banks and allow non-banking institutions to provide payment services. It is a great thing but it comes with many requirements. They are in the form of implementing and delegated acts of the European Commission as… Read More »PSD2 Requirements and Secure Logs
The financial sector is heavily regulated in all aspects imaginable. We have previously covered PSD2 and the corresponding EBA guidelines with regard to having a secure audit trail and related security functionalities. Now there are new EBA guidelines on ICT and security risk management that banks must be compliant… Read More »Audit Trail In New PSD2 Requirements: EBA Guidelines on ICT and Security Risk Management
The Payment Services Directive (Directive (EU) 2015/2366, PSD2) has been hailed as a game-changer that will transform the payment services landscape in Europe. While this outspoken enthusiasm reflects the deep changes it will bring, it sometimes fails to note that the increased freedom and elimination of market… Read More »The Payment Services Directive (PSD2) and its Logging Requirements