What is PSD2 and Open Banking Biometric Authentication Market?
The revised Payment Services Directive (PSD2) is a European regulation that requires banks to create mechanisms. With this mechanism, third-party providers are able to work securely, reliably, and rapidly with the bank's services. Thus, strong customer authentication (SCA) is a requirement for payment service providers within the European Economic Area. The requirement ensures that electronic payments are performed with multi-factor authentication. It impacts the maintaining, security of electronic payments.
The market study is being classified by Type (Facial Recognition, Fingerprint, One-Time Password (OTP) Tokens, Smart Card and Others), by Application (Money management, Consumer & Enterprises lending, Cross-Border Payments and Others) and major geographies with country level break-up.
3M Cogent (United States), Accenture, Inc. (Bermuda), Entrust (United States), Gemalto (Netherlands), Okta, Inc. (United States), Thales SA (France), CardinalCommerce (United States), Nordigen (Latvia), BehavioSec (United States), Fulcrum Biometrics (United States), iProov (United Kingdom), OakNorth (United Kingdom), Iritech, Inc. (United States), Mastercard (United States), Metro Bank (United Kingdom), Nok Nok Labs (United States) and Enfuce Financial Services Ltd (Finland) are some of the key players profiled in the study.
The market of PSD2 and Open Banking Biometric Authentication is expected to grow with rising financial activities in the oil & gas industry across the globe. Increasing demand for petroleum pipes driving the demand for the market. Several companies are operating in the market to provide PSD2 and Open Banking Biometric Authentication with various features & unique offerings. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Analyst at AMA have segmented the market study of Global PSD2 and Open Banking Biometric Authentication market by Type, Application and Region.
On the basis of geography, the market of PSD2 and Open Banking Biometric Authentication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Preference of New Precipitants and Third Party Suppliers for Open Banking
- Rising Necessity for Streamlining Financial Process Flows in
- Huge Preference of SMEs towards Open Banking
- Technical Issue associated with Software Handling
- Technological Advancements with AI & Automation Has Created Ample Opportunities
- Significant Rise in Digital Economy
- Increasing Cross Border Transactions
Key Target AudiencePSD2 and Open Banking Biometric Authentication Providers, BFSI Industry, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners and Governments
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the PSD2 and Open Banking Biometric Authentication Market?
"Increasing Preference of New Precipitants and Third Party Suppliers for Open Banking
" is seen as one of major growth factors of PSD2 and Open Banking Biometric Authentication Market in years to come.
2. Can we have customized study for PSD2 and Open Banking Biometric Authentication Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global PSD2 and Open Banking Biometric Authentication Market?
will lead PSD2 and Open Banking Biometric Authentication Market in coming years.