UK Set To Request 18-Month Transition On Strong Authentication Reforms

Plans for a phased introduction of strong authentication are taking shape in the UK, with influential industry groups expected to ask regulators for a delay in enforcement of at least 18 months beyond September’s deadline.

UK Finance, which represents the interests of the banking and payments sectors, was last month tasked by the Financial Conduct Authority (FCA) with drawing up a “roadmap” for complying with new regulatory technical standards on security, which take effect across the EU on September 14.

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