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raresp | 4 years ago

In 14 September 2019, Europe adopted the PSD2 payment standard which require banks and fintech's to integrate two factor authentication solutions. The typing biometrics can be integrated with other 2FA methods, increasing it's use and importance.

PSD2 is the second revision of the Payment Service Directive (PSD, 2007), which is aimed at developing the market for electronic payments in the EU. The different measures highlight the opening for other companies to use banks payment services (Open Banking) and two-factor authentication (2FA) to increase security in transactions and prevent online fraud.

You can find more details about PSD2 here: https://ec.europa.eu/commission/presscorner/detail/en/MEMO_1...

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