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⍰ ASK How do Electronic Money Institutions (EMIs) typically check the security of external apps?

Checking the security of external apps usually includes a detailed evaluation procedure. Electronic Money Institutions (EMIs) frequently perform security inspections by assessing the code, examining how data is managed, and identifying any potential weaknesses. To ensure adherence to industry norms, security surveys and compliance verifications are conducted. It is crucial to have regular updates and open communication with third-party suppliers. This all-encompassing method enables EMIs to validate and uphold the security of incorporated external applications, safeguarding the overall trustworthiness of their systems and monetary information.
 

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