PYMNTS

MARCH 28, 2017

Many smartphone users go through biometric authentication processes every time they unlock their phone using a fingerprint, and many secure applications, including banking and other financial services apps, are enabling users to log into their accounts using a fingerprint or eye scan or other biometric indicators.

Report 100

Report Knowledge Base Security Technology 100

PYMNTS

OCTOBER 4, 2019

As digital identities fast become a part of everyday life, the identity verification market is expected to reach $12.8 Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025. billion by 2024. billion.

Online 144

Online Ohio Knowledge Base Regional 144

PYMNTS

JULY 10, 2019

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. Switzerland’s Jura Hospital is currently testing a 3D finger vein scanner to more effectively secure patient data. Find the feature story in the Tracker.

Apple 158

Apple social media Knowledge Base Mobile 158

PYMNTS

FEBRUARY 19, 2020

In other small business banking news , rising Know Your Customer (KYC) and other risk mitigation regulations have pushed the ecosphere into a closer look at digital identity technology, a market that is expected to hit $12.8 billion in valuation by 2024.

Knowledge Base 130

Knowledge Base Tools Technology Compliance 130

PYMNTS

JANUARY 24, 2018

states passed laws allowing documents to be notarized electronically if the participants were in the same room as the notary, thus opening the market for solutions like DocVerify’s. Securing the Signatures. Both solutions rely on knowledge-based authentication (KBA) protocols, like those used by banks or other financial players. “If

Knowledge Base 121

Knowledge Base Virginia Security Technology 121

PYMNTS

DECEMBER 6, 2018

Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. You need layers of security,” he noted. As well, the people responsible for ID and access security should work with the people responsible for fraud prevention, and vice versa.

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

AUGUST 21, 2018

According to Philipp Pointner, chief product officer at Jumio , a full 90 percent of consumers are comfortable with simply answering knowledge-based questions when it comes to proving their identity. billion consumer records are exposed on the black market — and that’s just a tally from the past year. They really shouldn’t be.

Knowledge Base 110

Knowledge Base Data Security Trends 110

PYMNTS

MARCH 21, 2019

While authentication methods may vary, users across all channels seek secure, frictionless access to their account information, meaning medical providers must make authentications seamless while keeping it strong enough to ward off cybercriminals. . Easing Patients’ Login Pains . million total outpatient visits so far this year.

Massachusetts 109

Massachusetts Knowledge Base System Marketing 109

PYMNTS

SEPTEMBER 5, 2019

Seventeen percent of call centers are looking to replace knowledge-based authentication (KBA) with multi-factor authentication (MFA) to better protect customers from scheming fraudsters, and though that may not seem like a high percentage, it is double the number of centers that were looking at such methods in 2018.

social media 116

social media Fraud Tools Knowledge Base 116

PYMNTS

JULY 26, 2017

The earlier regulation was designed to increase competition in the European financial services market. It forces some players in the market to open up their information to other parties, and that is really a very new element.”. This controversy speaks to larger security concerns surrounding the regulation. First Name*.

Regulation 110

Regulation Fintech Data Security 110

NCR

DECEMBER 15, 2017

By allowing consumers to verify their identity with a fingerprint scan or a spoken word, biometrics could eliminate the need for passwords and unique user IDs – removing one of the weakest links in the security chain. These might involve the use of one-time passcodes or knowledge-based authentication.

Fraud 96

Fraud Security Knowledge Base Analysis 96

PYMNTS

FEBRUARY 12, 2019

The ideal — the goal of ongoing work across much of the digital payments and commerce industries — is to join two related, but distinct, tasks in the hopes of bringing more security and convenience to financial and retail transactions. The Hot Thing. The key to all that? According to Pointner, that would be facial recognition technology.

St. Louis 144

St. Louis Mississippi User Experience Knowledge Base 144

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. A large number of banks and online sites still rely on knowledge-based authentication. Now, consider the impact this has on the identity market. Guess what?

Innovation 140

Innovation Knowledge Base Online Mobile 140

PYMNTS

SEPTEMBER 6, 2018

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. they can take place with tokens classified as securities. Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

DECEMBER 26, 2016

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. billion end users making domestic as well as international P2P payments. Download the eBook.

Mobile 109

Mobile Payments eBook User Experience 109

PYMNTS

MARCH 4, 2020

Its new business model doesn’t charge upfront, but gets a 20 percent commission if it is successful in securing a settlement. Another purpose for the seed funding is marketing. We have a large knowledge base that traces the consumer journey. Most cases take four to eight weeks.

New York 131

New York New York City System Knowledge Base 131

PYMNTS

SEPTEMBER 19, 2019

Machine learning (ML) and artificial intelligence (AI) have been used by banks for fraud protection for several years, but these technologies are just starting to take on main roles: They are now displacing traditional knowledge-based authentication (KBA) methods like PINs and passwords.

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

OCTOBER 19, 2018

Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), told PYMNTS that these rumors are likely the result of an overzealous watchdog, or security vendors that are hoping to create a market for their offerings. That said, financial institutions (FIs) aren’t out of the woods yet. Sharing smarts.

Fraud 100

Fraud Knowledge Base System Tools 100

PYMNTS

MARCH 14, 2017

specifically, identity verification has long relied on credit-based data — the existence of credit history along with knowledge-based authentication (KBA) questions — in digital channels or by showing a physical, government-issued ID in person. In the U.S.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

PYMNTS

APRIL 14, 2016

Earlier this year, American Express and CFO Research released findings from its latest Global Business and Spending Monitor to gauge where Canadian financial executives position themselves in the current market climate. Why CFOs may remain hesitant in the 2016 global economy, however, varies depending on geographical market.

Regional 100

Regional Survey Report Marketing 100

PYMNTS

MAY 15, 2018

The Pros and Cons of Standard Security Choices. For instance, knowledge-based authentication is well-understood by users – but the answers to security questions can be socially engineered without too much trouble just by visiting victims’ social profiles. Then there’s two-factor authentication.

Fraud 129

Fraud Training Security Compliance 129

FICO

JULY 15, 2020

By building a 360 º view around their customers, companies are able to develop a very detailed knowledge base around each customer that reveals all sort of unprecedented insights about their future behaviors and needs. No need to tell them it came from knowledge base full of algorithms. It’s the thought that counts.

How To 52

How To Study Analytics Knowledge Base 52

William Mills

MAY 11, 2016

Demo: Sezzle app with knowledge based authentication to link bank accounts. It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security. Customers can store all of their online profiles in one secure location to improve user experience.

Video 40

Video Mobile social media Analytics 40

PYMNTS

AUGUST 21, 2018

This is the number of consumer records exposed on the black market, a tally from the past year. This data is not merely exposed: Now, that billion-plus number is floating around on the digital black markets, ripe for the plucking. Data Point One: 1.4 In other words, it’s not just about onboarding.

Data 105

Data Knowledge Base Security Cards 105

Fintech Labs Insights

SEPTEMBER 29, 2016

Here’s what CEO Stuut had to say about his company, its current initiatives, and what we can expect from the Palo Alto-based security specialist in the months and years to come. Finovate: Where will ID scanning and technologies like FaceMatch make the biggest impact in terms of replacing passwords and security codes?

Security 12

Security Mobile Industry Knowledge Base 12

CB Insights

MAY 10, 2018

The early consultants changed that by using market research and data analysis combined with niche expertise to help companies manage their supply chains, improve their product positioning, and enter new markets to beat their competitors. According to estimates, McKinsey makes about $8.8B Each one is still growing.

Strategy 78

Strategy Management Analytics Tools 78

PYMNTS

SEPTEMBER 19, 2016

The nine or 10 years that smartphones and apps have existed is a digital lifetime in developed markets like the U.S. What worked in China for WeChat at a much different point in time in a much different market may not be the copy/paste solution for these markets. and the U.K., And then, we know that China is, well, China.

Payments 100

Payments Mobile Apple Google 100

CB Insights

MARCH 6, 2019

Alibaba Group reduced its stake in Easyhome from 15% to 5% in early 2019 as the Chinese furniture market faces a challenging near-term market. Its tech has been deployed for several different security applications , including passenger and ticket scanning for air travel, door entry scanning, and law enforcement strategies.

Company 72

Company Capital Groups Big Data 72

Fintech Labs Insights

DECEMBER 5, 2016

So do we have a security problem or a convenience problem?” ” “As a security professional I’ve always been told you can be secure or you can be convenient but you can’t be both,” White said. You can be secure and your customers will be happy.” “Now you can be both.

Security 12

Security Mobile Technology Virginia 12