Capability (Banking)
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- Open Banking - Open Banking, part of the EU PSD2 regulation in Europe, requires banks to release their data in a secure, standardised form, so that it can be shared more easily between authorised organisations online. 🌐
- PSD2 - The Payment Services Directive version 2 (PSD2) is an EU Directive to regulate payment services and payment service providers. 🌐
- SCA - Strong Customer Authentication (SCA) is a EU PSD2 requirement that ensures that electronic payments are performed using multi-factor authentication. 🌐
- STP - Straight-Through Processing (STP) is an automated process done purely through electronic transfers with no manual intervention involved. It commonly applies in the payments and securities banking domains. 🌐
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