Breaking News
Global Fintech Delivers SCA for Shawbrook Bank Customers
Shawbrook Bank has introduced Strong Customer Authentication (SCA) for retail and business e-savings customers via its internet banking platform powered by Sandstone Technology.
Under Payment Services Directive (PSD2) regulations it is mandatory for banks to apply SCA – also known as Two Factor Authentication – for certain online transactions, although a number of financial organisations are yet to do this.
Alun Williams, Commercial Director for Shawbrook Savings, said: “Over the past few years we’ve been focussed on improving the customer experience, in particular the digital journey. SCA was a great opportunity to not only simplify the customer journey, but also enhance security and comply with evolving best practice and meet regulatory obligations.
“We received very few customer queries on the new process, which was testament to the simplicity of the Sandstone tech, and in fact received excellent feedback on launch day and in the days and weeks that followed.
“All in all, it has been a huge success and our online customers are reaping the benefits.”
Sandstone Technology’s General Manager for Europe, Andy Thompson, said: “Shawbrook is a longstanding client and SCA was the perfect addition to their existing Sandstone digital portfolio. We encourage all financial organisations offering online banking services to activate SCA for their customers to add another layer of security to protect their accounts.”
- Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants Read more
- Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN) Read more
- OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M Read more
- intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency Read more
- Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets Read more


