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Mastercard’s ‘selfie payments’ mark new era for biometrics and security

NCR

This is clearly an area with huge potential for growth and innovation, but as more and more financial institutions (FIs) jump on the biometrics bandwagon, one of the big concerns for law enforcement agencies and regulators will be the evolving threat of fraud. billion by 2024, up from $126 million last year.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today.