Month: November 2024

2 posts found

What banks and payment service providers need to know about PSD3 and PSR

The financial world is in constant state of change, driven in particular by technological advances and regulatory adjustments. The current regulatory initiatives of the European Commission, PSD3 (Payment Service Directive 3) and PSR (Payment Service Regulation), will be further steps in this development. According to the European Commission, they aim to harmonize payment transactions within […]

Posted on , updated on by Sophia Kühner in Categories Payment tagged Tags , , , , ,

DORA: What banks and payment service providers need to prepare for

The digitalisation of products and processes brings not only opportunities for banks and payment service providers, but also an increasing number of risks. Cyber attacks and IT failures can cause enormous financial and reputational damage. This is where DORA, the Digital Operational Resilience Act, takes action. This EU regulation aims to ensure that financial institutions […]

Posted on , updated on by Sophia Kühner in Categories Payment tagged Tags , , , , , , , , , ,