Today's consumers expect service at one click, while PSD2 regulations for Secure Customer Authentication can slow things down. Signicat offers PSD2-compliant authentication without compromising user experience.
PSD2 – or the second Payment Services Directive – is EU regulation that governs how we make payments online. According to PSD2, nearly all transactions require Strong Customer Authentication (SCA), including at least two of the following:
Many services struggle to strike a balance between meeting SCA requirements and maintaining low friction in their apps to ensure high engagement from customers. PSD2-compliant authentication solutions from Signicat help.
Ensures user friendly PSD2 SCA compliant customer transactions for:
Our mobile authentication solution, MobileID, is fully compliant with PSD2 SCA and 3D Secure V2.2.
Great user experience
MobileID authentication provides a user experience to maintain or increase transaction success rates with mobile app while using 2 factor authentication (2FA) with biometrics or PIN + possession.
Secure Software as a Service
With in-app mobile SDK and a single API to access different Electronic IDs (eIDs)
Delivered either via a stand-alone mobile app or SDK, MobileID can be delivered in partnership with payment solution providers to simplify set-up and reduce deployment time
Additional benefits include:
Quickly and efficiently onboard customers via your mobile app while satisfying KYC and AML-compliant identity verification through the use of 3rd party Electronic Identities or using electronic document scanning and verification.
Legally binding, app-based electronic signing for additional bank services, such as loan agreements or securing additional consent.
Signicat helps you manage regulatory complexity through one platform by connecting to identity services in your current and future markets across Europe. Signicat connects with over 25 national eID (electronic ID) schemes, meaning you can require users to log in via a range of registered and managed ID schemes, providing an unrivalled degree of trust.
Signicat MobileID couples PSD2-compliant SCA with great user experience for the end user. By leveraging fingerprint technology or Apple Face ID for authentication, you can cut login time to less than 3 seconds, while significantly reducing cost associated with each authentication transaction.
Adding multiple factors into an authentication session ensures the customer is who they say they are, meeting SCA requirements Signicat offers a number of authentication factors, such as mail OTP, hardware tokens, smartcards and video assurance.