Banking Insights:

PSD2 - The Fun Hasn't Started Yet

Gareth Evans, Senior Fraud and Financial Crime Prevention Consultant, BAE Systems

Across Europe, the Payments Service Directive 2 (PSD2) is going to revolutionise the relationship consumers and organisations have with their banks – and introduce a host of new players that have direct access to their accounts.

 

Understanding the impact on fraud is difficult to gauge until the Directive kicks in. In this latest instalment of our Banking Insights series, Gareth Evans looks at what the future may hold for banks and their customers - and how PSD2 also contains a silver lining.

 

Read on to discover the potential challenges and opportunities being presented to banks by PSD2.

The positives

PSD2 holds a lot of promise and great opportunity for innovation.

The positives

PSD2 holds a lot of promise and great opportunity for innovation.

Gareth Evans

Senior Fraud and Financial Crime Prevention Consultant, BAE Systems

Gareth has over 20 years’ experience at some of the UK’s leading Financial Services organisations and software vendors.

 

Gareth started his career with HSBC, before joining the UK credit card revolution at Bank One International, after many years within the credit card industry focussing on both card payment fraud and application and post application fraud, Gareth moved into application fraud software product development. In 2007, Gareth joined Lloyds Banking Group to implement their non-plastic fraud strategy in time for the UK’s Faster payments initiative.

 

Now at BAE Systems Applied Intelligence, Gareth helps Financial Institutions shape their Fraud Prevention strategies.