Happy to share the full text of the speech I gave last week at the Mastercard Cybersecurity & Risk Summit in Venice.
Main takeaways:
- PSD3 is an opportunity to improve UX and drive innovation.
- Issuers will have to use state-of-the-art risk-engines.
- Merchants will have to share more data with issuers.
- More data on transactions will increase approval rates.
- More data will enable ‘passive’ and IoT authentication.
- PSD3 may facilitate the use of behavioural biometrics.
- PSD3 may clarify the rules on SCA delegation.
- There will be more risk-based authentication.
It is now for the European Commission and the industry to realise this together.
Hope you will find the speech insightful. Comments and ideas are welcome.
Link to LinkedIn post