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Will MFA be prevalent when the changes associated with Open Banking and PSD2 are introduced?
What we’re used to seeing as consumers and in the banking world is coming the way of the corporate; ‘Strong Customer Authentication’ will be a requirement within Open Banking & PSD2. To raise adoption dramatically, a change in our approach to the market is needed that builds on the concept of protecting our clients & their critical payments. This change will be that we will raise the security level of PT-X for our client community by ensuring that all clients must have MFA enabled.