Jonathan Williams is the Principle Consultant and Director of Mk2 Consulting
A webinar with OneSpan and Finextra. Jonathan Williams of Mk2 Consulting will be joining a panel to discuss the impact of coronavirus and economic uncertainty on the onboarding processes of banks and other financial institutions. Among the topics for discussion: What unique challenges does remote onboarding pose for organisations? How can financial institutions be sure…
The European Banking Authority has recently put out a news item reminding financial institutions on the need to prepare for the end of transition by 31 December 2020. This relates primarily to the end of the transition where the UK, a non-EU country, loses some benefits of a closer relationship with the EU as the…
What do UK payments statistics tell us about Covid-19 measures? Analysis of Payment Statistics for the UK to January-June 2020 Introduction There has been a lot of discussion of the economic impact of the lockdown measures on consumers and businesses. Suggestions of significant impact to GDP have been shown in other data sets but one…
An IBAN is used to identify a recipient’s bank account in an international payment. Increasingly they’re also used for domestic payment, for example within the EU. IBAN stands for International Bank Account Number and acts as a secure way of representing how a country refers to its bank accounts. They can include alphabetic characters where…
New website launched Welcome to the new Mk2 Consulting website. We’ve expanded the areas for blog posts, articles and news items and updated information on our partners. We’ll be adding to the site in the coming months, so if there is anything you’d like to know, please let us know. Currently under consideration are an…
COVID-19 Announcement At Mk2 Consulting, the health and safety of our employees, partners and clients are our top priority. With that in mind, we are temporarily stopping any in-person interactions, effective immediately. The projects which are currently in progress will be re-organised to complete using remote communications. Our business will continue to serve our clients…
Online TPPs – assumption or design? How PSD2 might be blocking Third-Party Providers and disadvantaging customers I confess I enjoy looking for unintended consequences in legislation. Particularly so in the case of in the EU’s General Data Protection Regulation (GDPR) and second Payment Services Directive (PSD2). I was therefore surprised by an assumption which I,…
Does PSD2 require Strong Customer Authentication for telephone banking? And what if it doesn’t? The issue of where and when PSD2’s Strong Customer Authentication is mandatory is still in debate between the European Banking Authority (EBA), the European Commission and card schemes, amongst others. While the question of how it applies to card not present…