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Capital Float On The Path To Video-Based KYC Implementation

PYMNTS

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number.

Video 175
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How Visa Is Securing the Internet of Things [VIDEO]

Bank Innovation

The Internet of Things is notoriously insecure — unsecured, or poorly secured IoT devices have contributed to a number of cyberattacks, and these are on the rise as the number of devices increases. There are more than 8 billion connected devices today, with over 20 billion estimated for 2020.

Security 268
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How Axis Bank Prevents Identity Fraud With Video-Based Onboarding

PYMNTS

Shetty recently offered PYMNTS insights into the financial crime threats that banks like Axis face on a regular basis and how video authentication and AI can significantly reduce the scope of these hazards. Social Security numbers. Leveraging Video-based Onboarding, AI To Prevent Identity Fraud. Fraud Threats To Digital Banking.

Video 205
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Mastercard Acquires NuData for Better IoT Security [Video]

Bank Innovation

The global Internet of Things needs to have great cybersecurity—that’s why leading card provider Mastercard just acquired financial cybersecurity firm NuData Security.

Security 150
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Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch

PYMNTS

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Amazon Trials Video Onboarding Calls To Thwart Merchant Fraud. Amazon is trialing video as an alternative to in-person meetings to verify the identity of new merchants.

Video 131
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Weekly Wrap: Brex ramps up brand strategy, while Chase focuses on data security

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 13, 2019.

Strategy 243
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Fiserv: Merchants And The Need Multilayered Security In A Digital-First World

PYMNTS

Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. Consumers inject little data into the transaction when they pay in-store with cards.

Security 267