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Introducing Okay's New Professional Services: Strengthening Security and Compliance for Seamless User Experience
In today's ever-evolving financial landscape, businesses face complex challenges when it comes to security and compliance. At Okay, we understand the intricacies involved in navigating these issues. Our extensive experience with multiple customer projects has provided us with valuable insights into the complications surrounding security and compliance. We have witnessed firsthand how businesses, such as embedded finance providers with non-regulated customers or small banks with legacy systems, encounter hurdles when adopting new security mechanisms and authentication measures.
We are thrilled to announce the launch of our new professional services, aimed at addressing these challenges head-on. Our mission is to assist businesses like yours in achieving robust security, compliance, and a seamless user experience. Whether you require a PSD2 SCA audit or expert consulting, our dedicated team of security specialists is here to guide and support you every step of the way.
PSD2 SCA Audit: A Comprehensive Assessment
Our PSD2 SCA audit services provide a comprehensive assessment that addresses the unique complexities your business may face. We understand that embedded finance providers often encounter difficulties due to their non-regulated customers who embed their financial services, and that small banks with legacy systems may struggle to adopt new security mechanisms and authentication measures. Whatever your challenges might be we at Okay can support you.
Our audit process encompasses the following:
- Overview of Systems and Existing SCA Solution: We conduct a thorough review of your systems, taking into account the specific challenges posed by your embedded finance model or legacy systems. This assessment provides a clear understanding of the strengths and weaknesses of your current SCA setup.
- PSD2 Compliance Status: Our experts map your compliance status to the relevant Regulatory Technical Standards (RTS) and PSD2 requirements, considering the complexities associated with non-regulated customers or legacy systems. This analysis identifies any gaps that need to be addressed for full compliance.
- Identification of PSD2 Compliance Gaps: We identify specific areas where your existing SCA solution may fall short of meeting the necessary regulatory standards, considering the unique circumstances of your business. This insight is crucial for ensuring that your systems are robust and secure, even within the context of embedded finance or legacy systems.
- Main Security Threats: Our audit focuses on identifying and assessing the main security threats that your SCA implementation may face, taking into account the specific challenges you encounter. By understanding these threats, we can provide targeted recommendations for enhancing security measures that align with your business requirements.
- Remediation Advice: Based on the audit findings, we provide detailed recommendations and guidance on how to address any compliance gaps or security vulnerabilities unique to your situation. Our aim is to equip you with practical strategies for achieving and maintaining a strong SCA setup that overcomes the hurdles posed by embedded finance or legacy systems.
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Consulting and Professional Services: Tailored Solutions for Your Business
In addition to our PSD2 SCA audit services, we offer consulting services specifically designed to tackle the complexities surrounding security and compliance. We recognize the challenges faced by businesses with embedded finance models or legacy systems, and we are here to provide tailored solutions.
Our team of experts, supported by an extensive network, collaborates with you to determine how security mechanisms and authentication measures can be effectively integrated into your specific business model. We understand that your embedded finance customers, legacy systems or other special circumstances may require unique approaches. By leveraging our expertise, we help you optimize your SCA implementation, ensuring both security and compliance while delivering a seamless user experience.
Furthermore, our professional services extend to providing specialized support for setting up SCA, running demonstrations, or conducting proof-of-concepts (PoCs). We cover all aspects of integration, including back-end and front-end integration within your application, regardless of whether it's native, Flutter, or React Native.
You can read more about our new service offering on our website.