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

PYMNTS

Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. Not just any digital banking platform will do, however: 38 percent of customers consider user experiences to be essential when selecting online banking services.

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Banks Turn To 3D Secure 2.0 To Fight Fraud

PYMNTS

3DS was initially introduced in 2001, and has continued to evolve over the past 17 years. offers a seamless and convenient payment experience to customers. This will become increasingly important as more business is conducted online, where convenience and user experience are valued over almost all other elements.

Fraud 165
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Artificial Intelligence: FIs’ Friend Or Foe?

PYMNTS

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” Kaplan said that larger FIs will probably invest it in further research and development to continue improving the customer service and end user experience. It’s not a beautiful but cunning killer like Ava of “Ex Machina.”.

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Could Regulation Prevent The Next Cyberattack?

PYMNTS

11, 2001, terrorist attacks. For banks, the cost of adding friction to user experience could mean losing business to rival financial institutions, which renders two-step authentication as not a viable choice, Clarke said. In 2004, Clarke testified before the 9/11 Commission on the events and conditions that led up to the Sept.

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In Payments Security, Hunting For The Goldilocks Effect

PYMNTS

But given the insight into devices and the global consortium of issuer networks, it isn’t necessary to challenge every transaction, and so the focus can lean toward making the shopping experience optimal for consumers. That was as far as it went in those days,” said Rendell. Now, “one of the nice things about 3D Secure 2.0”

Security 108
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From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

CB Insights

in market value was lost in the crash — NASDAQ lost half of its entire value in 2001 alone. Doerr introduced them to Eric Schmidt, and in 2001 Schmidt was hired as Google’s first external CEO. Bhusri’s main thesis was that it was becoming increasingly important to build applications with great user interfaces.

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