Session 4: Managing Privacy in the Age of Open Banking/ PSD2 and GDPR

4:00 pm | 18th June 2019 | The Banking Cyber Security Forum London

With growing regulatory pressure on banks to share data more widely to increase the variety of digital services, what’s the best strategy for assuring customers that joining the Open Banking Initiative and sharing their data is safe. According to research conducted by Forrester, 82% of those customers surveyed held back the sharing of their financial data through the Open Banking scheme and 68% of businesses share similar concerns. How can Open Banking be delivered for maximum benefit for all concerned in a compliance, efficient, economic and secure manner?

4:05 pm

Addressing the PSD2 challenges impacting the Security Organisation

  • Identification of the Cyber Threat Intelligence relating to the PSD2 landscape.
  • High impact Detect and Protect considerations for Cyber Security controls related to PSD2.
  • Preparation for Responding and Recovering from PSD2 related security events.
  • Security Governance considerations for Information Security Risk management.
Addressing the PSD2 challenges impacting the Security Organisation

David Edwards

Head of InfoSec, Coventry Building Society

4:25 pm

The Challenges of Implementing Open Banking

  • Understanding that open banking is a movement and not a product
  • Ensuring that we keep the consumer at the centre of this initiative
  • Challenges that banks face through unstoppable innovation
The Challenges of Implementing Open Banking

Carlos Figueredo

Co-author of the Open Banking Initiative UK

4:45 pm

Q&A and Panel Discussion: How can Banks and Fintechs Deliver Open Banking Safely?

  • What does Open Banking mean for security risks and compliance? Can banks increase digital services without compromising customer privacy?
  • How could RegTech help manage the risk of working with APIs and FinTech?
  • How can banks collaborate to create a standard approach to privacy and deliver better service to customers?
Q&A and Panel Discussion: How can Banks and Fintechs Deliver Open Banking Safely?

David Edwards

Head of InfoSec, Coventry Building Society

Q&A and Panel Discussion: How can Banks and Fintechs Deliver Open Banking Safely?

Carlos Figueredo

Co-author of the Open Banking Initiative UK

Q&A and Panel Discussion: How can Banks and Fintechs Deliver Open Banking Safely?

Samantha Sheen

Chair, KYC Working Group, The RegTech Council