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Dinesh Katyal

Director Product at Financial Data Exchange

Message Posts: 0 Comments: 35

Bio Payments, data aggregation, lending, and supply chain financing. Previously held senior product roles at Tradeshift, Xero, eBay, and Intuit.

Dinesh is Commenting on

Barclaycard adopts SCA-busting fraud module from Kount

Does the use of TRA remove the chargeback obligation from the merchant? The transactions that wouldn't have happened under SCA but are flagged by Barclays as low risk and hence allowed may in some cases be truly fraudulent. Who bears the chargeback risk in those cases?

02 Jun 2020 Reply Read article

FCA gets the jitters about payments firms; rushes out new guidance

Protection of customer funds with reserves to handle chargebacks and returns should have been a day 1 imperative. I'm curious as to what additional regulations will come out of this.

22 May 2020 Reply Read article

Canada puts security at top of open banking review

Thanks Ketharaman! You're right - scraping on the surface seems the most efficient. However, it is not sustainable from data control, user experience, and security perspectives. APIs seem more difficult but that will change to an easier and better option with increased standardization and availability of toolsets as industry gains more experience.

04 May 2020 Reply Read article

Canada puts security at top of open banking review

Credentials based access is not frictionless. The sessions can break quite easily as the credentials change or MFA or OTP required. The site traffic on the bank is disproportional to the use case. The data which is meant for presentation is scraped, and that can lead to duplicates and missing transactions. The security risks are somewhat obvious. @Andrew, would you please elaborate on your remark about customer centricity?

02 May 2020 Reply Read article