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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. We’re observing the banking industry’s growing use of RPA.

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ID Verification Benefits Both Consumers And eCommerce Sites

PYMNTS

That doesn’t leave a whole lot of room for error, customer experience-wise. A biometric-based authentication solution can provide a secure alternative to using passwords or knowledge-based authentication questions to keep customers’ accounts and their data secure,” Philipp Pointner, chief product officer at Jumio, told PYMNTS.

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TD Bank On How AI, MFA Are Changing Call Centers

PYMNTS

Call centers are reevaluating how customers are authenticated across all channels, including websites, mobile apps, chatbots and traditional telephone calls. Many customers still like the convenience of KBA tools, however, which is why Lindsay Sacknoff, head of U.S. Evolving Call Center Channels .

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

South State Correspondent

Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. 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. Maybe a topic for next year?

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Outfoxing The Cyberfraudsters In Real-Time With Live IDs

PYMNTS

PYMNTS: How would you define your company’s approach to innovation? SS: Our approach to innovation is two-pronged. The third tier of technical innovation involves people — not just APIs. The second and overlooked area of innovation is in the area of user experience. You know the ones.

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Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure

PYMNTS

Having quicker or real-time access to data means these entities will be able to verify potential customers’ identities much faster, cutting down on the friction points many customers experience when asked to authenticate themselves. Data and Authentication Frustrations. Biometrics and Onboarding.

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User authentication: Where should it go from here?

NCR

The upside of this is increased convenience and a stronger customer experience , but the downside is a wider range of potential attack vectors for criminals to exploit and banks to defend against. ” So what is the future of authentication?