FCA extends SCA deadline by a further six months
The UK's Financial Conduct Authority is to delay the implementation of strong customer authentication rules by a further six months in an effort to minimise disruption to consumers and merchants.
Strong Customer Authentication at all times
Increase your security level for all sensitive operations thanks to WL Trusted Authentication.
Worldline offers an omnichannel solution to easily and safely deploy Strong Customer Authentication on any device, anywhere and anytime.
In addition, we provide innovative biometric factors to improve user experience.
Discover our account-based payments related offerings at https://financial-services.worldline.com/en/home/solutions/payments/open-banking/account-based-payments.html
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Our blog: https://financial-services.worldline.com/en/home/blog.html
Consumer Duty Unwrapped Webinar_220929
We cover what you need to do:
-by October 2022 (less than 4 weeks away!), to ensure you have implementation plans in place to assess competency against the new rules.
-by April 2023 to complete your first reviews, gained a comprehensive gap analysis and put plans in place to remedy any issues
-by the implementation date in July 2023, to have completed any necessary amends to ensure you are compliant.
TPG-BTRM Webinar: USD Libor transition update and impact on Bank ALM Policy
Join The BTRM and TPG Software Inc as we present an expert panel discussion on USD Libor transition update and the move across to SOFR. The panel comprised:
Moorad Choudhry, Founder of BTRM
Kevin Liddy, Solum Capital, Faculty BTRM
Periklis Thivaios, True North Partners LLP, Faculty BTRM
Patrick Carey, Independent Market Risk Consulting, Faculty BTRM
Rick Schnitger, TPG Software, Inc
Benny Tjahjono, Director, Senior Balance Sheet Quantitative Analyst, Federal Home Loan Bank of Chicago
and the issues we discussed included
— Latest fallback definitions and impact
— Adjusting hedging policy and impact on banks funds transfer pricing (FTP)— Impact on legacy banking book
— Term SOFR likelihood and update
— Possible alternatives to SOFR
— How to adjust ALM policy to the post-Libor era
For future events and information on the BTRM certificate please visit https://btrm.org
Here’s a short PSD2 video to help you to understand that is happening and the impact on your business.
The European Banking Authority (EBA) has announced that under the Payment Services Directive (PSD2) Strong Customer Authentication (SCA) must be applied to all electronic payments within the European Economic Area (EEA) by 31 December 2020.
If you have any questions don’t hesitate to call us:
For Service UK 0345 850 0195 Ireland 1850 202 120
For Sales UK 0800 028 1662 Ireland 1800 995 085
UK: https://www.elavon.co.uk/psd2 Ireland: https://www.elavon.ie/psd2
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Elavon Financial Services DAC, trading as Elavon Merchant Services, is regulated by the Central Bank of Ireland.
Elavon Financial Services DAC, trading as Elavon Merchant Services, is deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.