Independent Banker

DECEMBER 31, 2022

The use of digital technology and artificial intelligence has changed the workplace dramatically in recent decades, but the pandemic accelerated this shift by forcing remote working and driving online commerce. We’ve seen an amazing uptick in fraud,” she adds. “So, By Roshan McArthur.

Training 98

Training Community Bank Community Knowledge Base 98

PYMNTS

OCTOBER 19, 2018

There hasn’t been a surge in the amount of fraud specifically targeting financial services firms, but the overall fraud rate is climbing, particularly as consumers embrace mobile banking applications and digital banking channels. “We Banks seem to be following that advice and have ramped up fraud prevention efforts in recent years.

Fraud 100

Fraud Knowledge Base System Tools 100

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124

Strategy Lending Knowledge Base Tools 124

PYMNTS

JULY 10, 2019

Despite the pervasiveness of digital identity in everyday life, concerns surrounding digital ID security continue to make headlines, with billions of dollars lost to fraud. Developments From Around the Digital Identity World. Apple announced its own digital ID program, Sign In with Apple, at its recent Worldwide Developers Conference.

Apple 158

Apple social media Knowledge Base Mobile 158

PYMNTS

MARCH 14, 2017

Sarah Clark, GM of identity at Mitek , joined Karen Webster to discuss what process and technology can do to help meet AML requirements to truly authenticate who people are. Though money laundering is a dangerous and enormous aspect of fraud, it’s often overshadowed by high-profile data breaches and other cybercrime activities.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

PYMNTS

FEBRUARY 12, 2019

According to Pointner, that would be facial recognition technology. As PYMNTS readers probably know better than others, those easily exploited sources of knowledge-based consumer authentication data continue to endure, even as criminals steal and trade massive amounts of that information on the digital black market.

St. Louis 144

St. Louis Mississippi User Experience Knowledge Base 144

PYMNTS

MAY 15, 2018

Like the dog in the cartoon, fraudsters use the same technologies as regular people when moving about in the virtual sphere. 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. A Portrait of IDV Nirvana.

Fraud 129

Fraud Training Security Compliance 129

NCR

DECEMBER 15, 2017

Biometric technologies hold huge potential for the retail banking industry. Like any emerging technology, this form of user authentication will attract the attention of criminals looking for ways to subvert it. In recent years, the banking industry has witnessed a particularly notable increase in adoption of these technologies.

Fraud 96

Fraud Security Knowledge Base Analysis 96

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. Furthermore, delay in application processing leads to about 75 percent drop off in online applications, and businesses witness a decline in conversion rates. You know the ones.

Innovation 140

Innovation Knowledge Base Online Mobile 140

PYMNTS

OCTOBER 7, 2019

Nav was founded in 2012 as Creditera, an online credit-monitoring service that helped small business owners track their personal and business credit information on one platform. The system has never fallen victim to fraud, despite several attempts by bad actors, according to Hanson. How Nav Works.

Tools 101

Tools Data Security Fraud 101

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

NOVEMBER 1, 2017

In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way. Second, biometrics reduces fraud risk dramatically.

Security 109

Security Payments CA Data 109

NCR

DECEMBER 20, 2017

There is a strong argument that the traditional username and password protections used in online banking, for example, are no longer sufficient to prevent fraudulent access. As the Javelin research suggested, one technology that holds a lot of potential is biometric authentication. ” So what is the future of authentication? .”

Security 77

Security Knowledge Base blockchain Analysis 77

Gonzobanker

MAY 7, 2018

As banking becomes a more commoditized business where knowledge is the only true differentiator, high performing institutions will likely have fewer well-paid employees who leverage the heck out of technology, analytics and process automation. Force the discipline of a KPI culture.

Leadership 87

Leadership Operations Lending Strategy 87

FICO

OCTOBER 26, 2021

A key challenge for financial institutions and even more so for credit unions is providing the same experience that members get in-person, online. Traditional banks are investing heavily in technology to focus on customer relationships. This enables you to gain behavioral insights and triggers (e.g.,

Analytics 52

Analytics Community Branding Data 52

William Mills

MAY 11, 2016

Demo: Sezzle app with knowledge based authentication to link bank accounts. Helping banks with customer retention by transforming data into knowledge about their customer’s engagement and key events on their journey. From Website: brandCrowder is a mobile, web-based “equity” crowdfunding platform. Plus the 1% rewards. ^KT.

Video 40

Video Mobile social media Analytics 40

PYMNTS

SEPTEMBER 4, 2019

Artificial intelligence (AI) remains one of the most interesting technologies to call centers that are looking to better support and engage customers across their many channels. Call center technology providers are relying on AI-enabled tools to make sure call centers can match changing customer preferences.

Security 152

Security social media Tools Knowledge Base 152

PYMNTS

NOVEMBER 15, 2017

Put another way, and to paraphrase a hockey great: When it comes to identity verification and the technology that comes with it, FIs need to skate where the technology is headed, not where it has been. You are in the technology business, and you, more than anybody else, should understand that evolution is constant,” Barnhardt said.

social media 100

social media Fraud Knowledge Base Data 100

Fintech Labs Insights

SEPTEMBER 29, 2016

In addition to its recent funding, Jumio has forged ID verification and KYC/AML partnerships with companies ranging from European online gaming operator, Tipico ; to the Paris-based mobile scooter sharing network, Cityscoot ; to Spanish crypto-currency specialist Krypto Commerce – all in the past few months alone.

Security 12

Security Mobile Industry Knowledge Base 12

PYMNTS

APRIL 11, 2017

In an age where credentials are lifted and bartered and sold like the currencies hackers target themselves, the concept of anti-fraud efforts revolves around a simple idea: to make sure that the person being done business with is who they say they are in the first place. You can get a lot of things accomplished in life online.

Data 101

Data social media Fraud Online 101

PYMNTS

SEPTEMBER 12, 2019

In the United Kingdom, 70 percent of adults feel as though there are already too many identity checks required for online purchases. Both merchants as well as payments providers have expressed worry over how this difference in opinion may affect card abandonment and online purchase behavior.

Regulation 126

Regulation Google Compliance Knowledge Base 126

Fintech Labs Insights

DECEMBER 5, 2016

Speaking at FinovateFall 2016 in September, Daon President of the Americas Conor White asked attendees about their own experience with cart abandonment online. “Last year, a Javelin report said that there was $9 billion lost due to card fraud. That’s a problem,” White said. Company facts.

Security 12

Security Mobile Technology Virginia 12