PYMNTS

SEPTEMBER 19, 2019

This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

Fraud 144

Fraud Data Mobile Tools 144

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

SEPTEMBER 6, 2018

Might an on-demand mindset benefit those tech upstarts when tackling issues like fraud and anti-money-laundering (AML)? There also is what is being billed as a “plugin knowledge base” that offers implementation and reference guides, along with videos. IdentityMind has come to market with two offerings: the KYC and ICO plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

MARCH 14, 2017

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Clark said that because of this physical aspect of ID fraud, one of the biggest risk factors has become the human factor.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

PYMNTS

MAY 15, 2018

Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. The names of most people’s childhood pets and favorite teachers are now for sale on the black market. Trend spotting enables providers to be proactive about new types of fraud.

Fraud 129

Fraud Training Security Compliance 129

PYMNTS

JULY 26, 2017

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.

Regulation 110

Regulation Fintech Data Security 110

PYMNTS

DECEMBER 26, 2016

.; and also meet the growing ID verification requirements under ant-money laundering (AML) regulations. As a result, authentication and identity verification practices that rely on data only, such as passwords and knowledge-based authentication questions, have been scrutinized and are largely seen as no longer sufficient.

Mobile 109

Mobile Payments eBook User Experience 109