This paper will identify the lessons that can be learnt from continental Europe on Strong Customer Authentication (SCA), the best practices that can be followed in order to minimise customer friction as well as the early impact SCA is having on fraud levels.
Our fantastic panel of industry leaders and subject matter experts explores the changing financial crime and payment fraud market landscape, the emerging risks, current gaps and why digital identity is critical for future success.
This paper will identify the lessons that can be learnt from continental Europe on Strong Customer Authentication (SCA), the best practices that can be followed in order to minimise customer friction as well as the early impact SCA is having on fraud levels.
Our fantastic panel of industry leaders and subject matter experts explores the changing financial crime and payment fraud market landscape, the emerging risks, current gaps and why digital identity is critical for future success.
The problem of online fraud has been around for decades, and has been steadily growing alongside the staggering growth of eCommerce. Combatting this problem requires a multi-faceted approach from merchants, the payments industry, law enforcement and ordinary people, and one recent development has been the launch of Strong Customer Authentication (SCA) across Europe as part of the Payment Services Directive 2 (PSD2) regulations.
Brought to you by Project Financial Crime, this podcast episode discusses AML obligations of EMIs and APIs and what the role is for these firms in relation to their agents. You can also find out what the challenges are of filing suspicious activity reports (SARs), the current landscape of AML, (including recent prosecutions brought against financial institutions), and what the government is doing to bring in more corporate liability to prevent further fraud and financial crime.
The Payments Association’s Project Financial Crime team will be discussing the Kalifa Review from HM Treasury. The review, which was published 26th February 2021, will be an opportunity for the Government to acknowledge and help shape the future of Fintech in the UK. The Project Financial Crime team is joined by other members from across the Payments Association community, honing in on how the review will help the battle against the epidemic of fraud and financial crime in the U.K.
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