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Your Eyes are the Window to… Your Bank? Q&A with EyeVerify

Banking 2020

Chris Barnett: The problem that Eyeprint ID solves is the password: Both the inconvenience of a password and the security vulnerability of a password. When passwords are made “stronger” by IT policy, users rebel by sharing them, writing them down somewhere obvious, constantly resetting them or just avoiding use of the service in question.

System 101
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Third-Party Aggregation: Boon or Burden?

Banking 2020

If such actions become cemented in policy, other banks will surely follow suit, and it could have a profound impact on the entire industry dynamic. The reasoning behind account aggregation makes perfect sense—it compiles key data from multiple accounts and sources, including bank accounts, credit cards, investments, etc.,

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Step-by-Step Guide to Developing an Anti-Fraud Program

Banking 2020

Protecting a financial services organization against fraud requires much more than a strong password policy and client education. The sophistication of cyber attacks and high risk of fraud necessitate a comprehensive anti-fraud program that includes policies, processes and technologies. Step 4: Perform a fraud risk assessment.

Fraud 40
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Dutch pilot shows banks could dominate digital identity provision

Banking 2020

The challenge here is do something secure enough to handle sensitive data like payments, bank details, social security numbers, etc. So the task is falling to banks, who are increasingly realizing that they are the trusted custodians of essential personal data. Schemes like these are conceptually nothing new.

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FI Highlight: Westpac New Zealand

Banking 2020

Westpac recently launched mobile payment stickers called Westpac PayTag which can be attached to the back of a mobile device (or any other suitable item), enabling customers to make fast, secure contact-less payments of up to $80 (NDZ) simply by holding their smartphone up to a contact-less terminal.

Mobile 47
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China key to banking and payments innovation

Banking 2020

While in the past, protectionist policies and almost limitless support for state-owned banks was the primary driver, this is now changing. In 2014, it launched the Baidu Baifa 100 Index fund with the China Securities Index Company. The financial services industry has had a key role to play in this growth.

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The Mother List of All Banking Books

Jeff For Banks

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

America 78