The Entersekt Blog

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

Smarter digital banking experiences for the intelligence age
25-04-2019|Niel Bester

Smarter digital banking experiences for the intelligence age

Demand from young consumers for quicker decisions regarding their finances means that financial institutions are relying increasingly on modern data-processing techniques to enable real-time empowerment. This article, by Niel Bester, SVP: products, appeared in Global Banking and Finance Review, and Banking Exchange earlier this year.
Just in time: PSD2 SCA implementation
14-03-2019|Sander Voorwinden

Just in time: PSD2 SCA implementation

The go-live date for the revised Payment Services Directive (PSD2) strong customer authentication (SCA) requirement is 14 September. Put another way, we’re at five minutes to the stroke of midnight for SCA implementation. It’s not too late, though, which is why I titled this blog post “Just in time”.
PSD2 hastens the demise of SMS OTP
31-01-2019|Lelanie de Roubaix

PSD2 hastens the demise of SMS OTP

A month into 2019, the financial services and payments industries are buzzing as the deadline for complying with Europe’s revised payments services directive (PSD2) approaches. A particular cause of concern is the implementation of the regulatory technical standard for strong customer authentication (SCA), which has been a hot topic in boardrooms and at industry events for what seems like years now.
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
US companies should not ignore the EU’s GDPR
29-08-2018|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
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.
2018: a key year for financial services and security
22-01-2018|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.
Regulation, integration and push authentication: factors to consider in the run-up to PSD2
29-11-2017|Simon Rodway

Regulation, integration and push authentication: factors to consider in the run-up to PSD2

We are all familiar with the sound of our mobile devices pinging or vibrating to let us know that something has arrived that we might be interested in. There are now numerous methods employed by mobile operating system vendors and app developers to draw our attention to the fact that new content is available: everything from badges to banners, alerts and various other types of messages.
Open banking and PSD2 will create winners and losers
22-11-2017|Frans Labuschagne

Open banking and PSD2 will create winners and losers

With the Competition and Markets Authority (CMA) mandating UK retail banks to ‘open up’ and adopt the new principles of open banking, not to mention the impending introduction of the Payments Services Directive (PSD2) in January 2018, banks will soon be operating in a much more competitive environment than before. Without the right security to enable them to offer additional digital services, incumbent banks will struggle to compete against all the new entrants into their market.

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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.