Certificate in PSD2 Compliance
-- viewing nowThe Certificate in PSD2 Compliance course is a crucial training program for finance and IT professionals. The revised Payment Services Directive (PSD2) is a European Union (EU) regulation that aims to increase competition, enhance security, and improve consumer protection in the European payments market.
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Course Details
• Introduction to PSD2: Understanding the Payment Services Directive 2 (PSD2), its background, and its significance in the financial industry. • PSD2 Compliance Requirements: Outlining obligations for payment institutions, account servicing payment service providers (ASPSPs), third-party providers (TPPs), and other stakeholders. • Strong Customer Authentication (SCA): Examining the SCA requirements, exemptions, and best practices for secure and user-friendly authentication. • Open Banking and APIs: Delving into the role of open banking, APIs, and their impact on financial services, including benefits and challenges. • Access to Account (XS2A): Investigating the process and regulatory expectations regarding XS2A services, including implementation and security considerations. • Risk Management and Fraud Prevention: Identifying and mitigating risks associated with PSD2 compliance, such as data breaches and fraudulent activities. • Legal and Regulatory Considerations: Reviewing the relevant EU regulations, guidelines, and liability frameworks, as well as potential updates and changes post-Brexit. • Implementation and Migration Strategies: Guiding organizations through the implementation and migration process, offering best practices and lessons learned.
Career Path
Entry Requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course Status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
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