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Stopping Faster Payments Fraud, Faster

PYMNTS

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent.

Fraud 101
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How Online Universities Take Fraudsters To School

PYMNTS

When it comes to authentication, customers largely prioritize convenience over safety, exposing them to fraud, and putting pressure on merchants and financial institutions (FIs) to offer convenient user experiences without compromising security. Another technology giant is leading the charge with blockchain.

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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

Video-based KYC is an effective digital technology used increasingly to confirm customers? This method allows banks and merchants to verify customers through video interviews and biometric authentication, which are checked against physical documents. Video verification is one way to ensure smooth experiences and build trust. .

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eKYC – Why Malaysian Banks Must Act Now!

FICO

In December of last year, the Malaysian National Bank, Bank Negara, issued a consultation document about their intention to allow eKYC in the applications process for a wide range of financial products. Not meeting these expectations could be costly. eKYC Malaysia – digital transformation success.

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How Face ID Can Power End-To-End Verification

PYMNTS

According to Pointner, that would be facial recognition technology. For example, a person seeking to open a bank account traditionally proves identity via a government-issued ID document (one with a picture of themselves on it). That resulted in a quite fractured user experience, and inconsistent user experiences.”.

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Why Strong Digital Identity Verification Is Key To Meeting AML Requirements

PYMNTS

Sarah Clark, GM of identity at Mitek , joined Karen Webster to discuss what process and technology can do to help meet AML requirements to truly authenticate who people are. Though money laundering is a dangerous and enormous aspect of fraud, it’s often overshadowed by high-profile data breaches and other cybercrime activities.

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Blockchain Security A Moving Target For Both Developers And Hackers

PYMNTS

No one truly knows exactly where and how blockchain technology will make the greatest impact. In corporate finance, the tool could upend the status quo of supply chain management, cross-border payments, invoicing and document sharing and more. At least at the start, exchanges will have to guarantee the customer behind [the trade].”.