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What are the principal considerations around risk management when providing payment services?

The core areas that need to be addressed when developing an effective risk management framework when providing Open Banking services are (in no particular order):<br/><br/>

- Governance;<br/><br/>

- Risk Assessment Procedures;<br/><br/>

- Protective Security;<br/><br/>

- Threat Detection;<br/><br/>

- Business Continuity;<br/><br/>

- Testing;<br/><br/>

- Ongoing Learning;<br/><br/>

and,<br/><br/>

- Customer Relations.

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