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A Bank Automation Summit Preview: Key 2023 Banking Automation Trends

Perficient

RPA is a form of automation that uses software robots to automate repetitive, mundane tasks, freeing up employees to focus more on strategic, knowledge-based, value-adding tasks. Next, we’re observing a continuously increased focus on customer experience.

Trends 474
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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. 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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Outfoxing The Cyberfraudsters In Real-Time With Live IDs

PYMNTS

A large number of banks and online sites still rely on knowledge-based authentication. This was] partly due to the steps involved in mapping the digital identity of the customer to their real world identity. We believe that customer verification processes should do more than just meet the letter of the law.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

To get the customer, they offer a rewards program which is 1% rewards. Demo: Sezzle app with knowledge based authentication to link bank accounts. Then confirm identity with knowledge based authentication. Helps with mobile onboarding and anti-money laundering compliance. ^SR. Plus the 1% rewards. ^KT.

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CEO Interview: Jumio’s Stephen Stuut

Fintech Labs Insights

Stuut: To enable these markets to foster, regulations are being put in place that force compliance with KYC and address AML. Stuut: Jumio replaces laborious and unreliable systems including knowledge-based authentication (KBA), inferred verification, and in-person verification by untrained individuals.