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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. Few speakers or vendors had solutions for how banks are going to efficiently index, manage, and optimize their knowledge base, not to mention customer data.

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IdentityMind On The Need For FinTech Compliance Marketplaces

PYMNTS

The store is self-serve, which means that customers can select a plugin, try a demo, pay with a credit card, and be off and running. There also is what is being billed as a “plugin knowledge base” that offers implementation and reference guides, along with videos.

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New Challenges for Strong Customer Authentication

FICO

The use of static card details such as PAN and CVV has been ruled out of use as both a knowledge-based factor and as a possession factor — somewhat contrary to an earlier opinion from the FCA. Re-establishing the use of passwords will be a significant project. As I said at the conference flexibility in deployment is key.

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New Challenges for Strong Customer Authentication

FICO

The use of static card details such as PAN and CVV has been ruled out of use as both a knowledge-based factor and as a possession factor — somewhat contrary to an earlier opinion from the FCA. Re-establishing the use of passwords will be a significant project. As I said at the conference flexibility in deployment is key.

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New Challenges for Strong Customer Authentication

FICO

The use of static card details such as PAN and CVV has been ruled out of use as both a knowledge-based factor and as a possession factor — somewhat contrary to an earlier opinion from the FCA. Re-establishing the use of passwords will be a significant project. As I said at the conference flexibility in deployment is key.

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PSD2 Is Coming To Europe And Bringing Big Changes

PYMNTS

At the end of the year, a new regulation called the second Payment Services Directive (PSD2) will officially take effect, requiring banks, credit unions, financial institutions and FinTech companies across the continent to change the way they conduct business. The update comes nearly a decade after the first regulation took effect.

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Navigating ID Verification For Business Credit

PYMNTS

“We have all the information on the personal and commercial credit side, [and] we pull in additional data sets — as well as user-provided data — that we use to pre-underwrite users, and then match them with appropriate loan products and business credit cards.”.

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