The challenge of PSD2 RTS certification

In today’s financial world, banks are faced with a number of challenges, particularly in connection with the new regulatory requirements introduced as part of the PSD2 RTS (regulatory technical standards).

These Strong Customer Authentication (SCA) requirements have a significant impact on the way banks make payments and access accounts.

Here are some of the main problems banks are facing:

1. Complexity of SCA requirements: SCA requires the authentication of customers by at least two factors from different categories, such as knowledge, possession and inherence. This leads to complex processes and requires thorough planning and implementation.
   
2. Compliance with regulatory requirements: The PSD2 RTS are a regulatory requirement and banks must ensure that they meet these requirements to avoid fines and legal consequences. Compliance is crucial to maintaining customer confidence and the integrity of the banking industry.
3. Maintain customer convenience: While security is a top priority, banks must also ensure that SCA processes remain acceptable and user-friendly for customers. The challenge is to increase security without compromising user-friendliness.
4. Technological changeover: Implementing SCA requirements often requires technological changes and investments in new systems and infrastructures. This can represent a considerable financial burden for banks.
5. Time pressure: The PSD2 RTS put banks under time pressure as they need to ensure that their systems and processes are compliant before the deadlines expire. In the face of these challenges, the right support and advice is crucial.

SRC GmbH is your reliable partner to help you overcome these challenges and ensure that your bank meets the PSD2 RTS requirements, saves time and satisfies your customers. Rely on SRC GmbH as your partner for PSD2 RTS certification and ensure that your bank is on the right track to meet regulatory requirements and strengthen the trust of your customers.

Why should you choose SRC GmbH?

Time saving

Our specialized teams know how important time is. By working with SRC GmbH, you can ensure that your certification is carried out efficiently and promptly. We guide you through the entire process, from preparation to final certification, and support you in avoiding unnecessary delays.

Cost transparency

In the world of banking, efficiency is of paramount importance. Our services are designed to be cost-effective to ensure that your certification does not break your budget. We offer transparent pricing models that allow you to plan your expenses precisely.

Expert knowledge

Our experts are closely following the developments in PSD2 and the RTS. We are always up to date with the latest regulatory requirements and can help you to ensure that your bank always operates in accordance with current regulations.

Individuality

Every company is unique, which is why we offer customized solutions that are tailored to the specific requirements of your institution. We listen to you, understand your needs and work with you to develop a roadmap to certification.

Ready to overcome the PSD2 RTS challenges with a trusted partner?

Contact us today and let’s start the path to successful certification together.