The Entersekt Blog

Industry news, security threats, and technology advances in consumer authentication.

The new technology partnership: Welcome to regtech
08-11-2018|Entersekt Editor

The new technology partnership: Welcome to regtech

After the 2008 financial crisis, banks were suddenly faced with a significant increase in regulations. This meant a hefty rise in expenditure and use of resources, and yet many businesses still fell short of expectations. The process needed access to more meaningful data and digitization.
Social media payments: Threat or opportunity for banks?
13-09-2018|Entersekt Editor

Social media payments: Threat or opportunity for banks?

Remember the early days of Facebook? Were you an early adopter or more cautious, joining only after everyone and their cat had a profile? Those of us in the latter group eventually signed up because many of our friends reported being avid users and trusted the service.
US companies should not ignore the EU’s GDPR
30-08-2018|George Miller

US companies should not ignore the EU’s GDPR

Following a seemingly endless barrage of marketing emails asking consumers to opt-in to keep receiving communications, the European Union’s General Data Protection Regulation (GDPR) came into effect on 25 May, marking the enactment of a sweeping data protection law that governs how data is collected and used in the EU’s 28 countries
Life after SMS OTP: what will be the next big thing in transaction security?
31-05-2018|Clara Chennells

Life after SMS OTP: what will be the next big thing in transaction security?

Remember VHS? The Sony Walkman? What about the dot matrix printer? These are things that were considered state-of-the-art in the 1980s – but are now only a fond memory. No-one in their right mind would, for example, release a new film only on VHS today. And yet incredibly, the SMS OTP, first conceived in the early 1980s, is still what secures online banking channels at most of the world’s financial institutions today.
Entersekt’s Transakt solves more for banks than just PSD2 problems
17-05-2018|Jonathan Knoll

Entersekt’s Transakt solves more for banks than just PSD2 problems

As any and every bank and organization that deals with payments knows by now, the European Banking Authority’s regulatory technical standards (RTS) on strong customer authentication take effect in September 2019. However, given the requirement to have the relevant APIs, documentation, and testing done a full six months before that date, the actual deadline is March 2019. With less than a year to go, the implementation clock is ticking loudly.
PSD2: Compliance-Auflagen in Wettbewerbsvorteile verwandeln mit Entersekt
10-04-2018|Jonathan Knoll

PSD2: Compliance-Auflagen in Wettbewerbsvorteile verwandeln mit Entersekt

Durch PSD2 wird es zu einer ganz neuen Marktdynamik kommen. Einerseits müssen sich Banken auf Belastungen durch neue Compliance-Anforderungen und erweiterte Haftungsrisiken einstellen, andererseits entstehen durch das regulatorische Rahmenwerk auch neue Umsatzchancen.
Dos and don’ts for a successful PSD2 SCA implementation
22-03-2018|Sander Voorwinden

Dos and don’ts for a successful PSD2 SCA implementation

Although the European Banking Authority’s Revised Payment Services Directive (PSD2) already applies as of 13 January 2018. It’s not too late to make the most of the opportunity that PSD2 offers, especially if you start planning immediately.
GDPR: what’s good for your customers is good for you
15-02-2018|Jolette Roodt

GDPR: what’s good for your customers is good for you

Organizations from across Europe – and, in fact, the rest of the world – would be forgiven for seeing compliance with the European Union’s General Data Protection Regulation (GDPR) as just another burden on their already overstretched resources. The European finance industry has barely cleared its previous regulatory hurdle of the Revised Payment Services Directive (PSD2) kicking in a month ago, and now GDPR is demanding their full attention. Is there light at the end of this tunnel?
2018: a key year for financial services and security
23-01-2018|Alan Goode

2018: a key year for financial services and security

This year will be an important one for financial services, with security taking center stage in a number of pivotal trends and regulatory changes, including open banking and the arrival of new, flexible fintech services, as well as the activation of the European Union’s PSD2 and GDPR regulations. The latter will see a global ripple effect, directly affecting financial services organizations that do business in the EU and potentially also influencing regional legislators to emulate their European counterparts.
What is regtech and why do we need to know about it?
07-12-2017|Alan Goode

What is regtech and why do we need to know about it?

In an attempt to reduce the ever-increasing burden on their compliance teams, financial service organizations are starting to turn to new technology solutions like machine learning and cloud computing. The collective name for these solutions that is now entering the industry vernacular is regtech, short for regulatory technology. In this blog, we will explore some of the potential use cases for regtech products.

logo entersekt

Entersekt is an international software development company based just outside of Cape Town, South Africa.

We are leaders in authentication, app security, and payments enablement technology, offering a highly scalable solution set with a track record of success across multiple continents.