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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. Maybe a topic for next year?

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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025. Hitachi first demonstrated the technology in London in September, and plans to officially launch the product in Europe next year. billion by 2024.

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What are power skills?

Independent Banker

The use of digital technology and artificial intelligence has changed the workplace dramatically in recent decades, but the pandemic accelerated this shift by forcing remote working and driving online commerce. “So, The traditional banker might say, ‘OK, let’s close your checking account down, let’s suspend your debit and credit cards.’

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KPMG: How AI Defense Can Counter Faster Payments Fraud

PYMNTS

As Plesco pointed out, criminals have managed to steal credit bureau data, giving fraudsters an in when it comes to such theft. That might mean having banks move away from knowledge-based questions for identity validation — which criminals can figure out — to biometric authentication methods , including voice and facial recognition.

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Made In India – Top 5 Extremely Useful Apps!

BankBazaar

The app’s highly adaptive video streaming technology ensures that the best possible video quality is played back automatically based on the available bandwidth, therefore making it a great video experience on both mobile networks as well as Wi-Fi internet connections. Additional Reading: 10 Apps That Help You Manage Money.

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Whatever Happened To … NerdWallet?

PYMNTS

Seeing NerdWallet grow from a singular credit cards tool in 2009 to providing content and tools across 11 personal finance topics today is something I have great pride in,” said Tim Chen, CEO and cofounder of NerdWallet. Chen, who is a former hedge fund analyst, originally cofounded NerdWallet as a credit card marketing website.

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User authentication: Where should it go from here?

NCR

Among those organizations that use two-factor authentication, the most common secondary checks are knowledge-based – such as static questions – as opposed to possession-based systems such as security keys or on-device biometrics. ” So what is the future of authentication? .”