PYMNTS

AUGUST 21, 2020

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

Perficient

OCTOBER 6, 2020

Our experience and expertise with Microsoft, Azure, and open source technology guides the discovery, analysis, and strategic recommendations throughout the process. Automate common user interactions and answer questions from existing knowledge bases using natural language processing. Design: Design system architecture.

Strategy 429

Strategy Training Analysis Security 429

PYMNTS

JUNE 11, 2020

This is fueling a wave of interest and need for digital alternatives, many of which leverage biometric technology. The technology itself is not new — many consumers already use biometric authentication in their daily lives, with 80 percent of consumers using their fingerprints to unlock their smartphones, for example. Pennsylvania Gov.

Compliance 186

Compliance Guidelines Meeting Tools 186

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

South State Correspondent

OCTOBER 26, 2023

Sunday Programming: consisted of a federal lobbying track, AI Summit, Small Business, Fraud, running a fintech, cannabis banking, and modernizing the banking core system. 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.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

SEPTEMBER 19, 2019

FIs are thus turning to a host of technologies to protect customers from account opening and other mobile channel fraud forms. This is where AI and ML technologies can come in handy. These technologies still have a few hurdles to overcome, though. FIs in certain markets, such as the European Union and U.K. ,

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

APRIL 23, 2020

The first is capacity, as wholly human systems have no way to analyze and approve the quantity of applications firms receive daily: The home insurance industry sees 5 percent of American homeowners filing a claim at least once a year, for example. Human analysts can then take backseat roles as the systems become smarter over time.

Fraud 151

Fraud Company System Examples 151

Abrigo

MAY 19, 2017

Mike Ford, managing director of financial institutions at Sageworks, discusses in a Sageworks whitepaper , “As more lenders are introduced to the MBL process, a standard system for in-house business lending can save training dollars, minimize the learning curve and, most importantly, reduce risk.”

Lending 150

Lending Analysis Knowledge Base System 150

PYMNTS

AUGUST 22, 2018

Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.

Fraud 101

Fraud social media Knowledge Base Cards 101

PYMNTS

DECEMBER 6, 2018

That might mean having banks move away from knowledge-based questions for identity validation — which criminals can figure out — to biometric authentication methods , including voice and facial recognition. The antidote? You need layers of security,” he noted. All of our clients are moving toward that.”.

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

MARCH 4, 2020

I’m used to reading contracts and sending stuff into court systems. You also have the option to go out into the legal system and figure out how to get some leverage, and actually compel them to treat you like a human being.”. There is technology involved as well. We want to level that out.

New York 131

New York New York City System Knowledge Base 131

PYMNTS

OCTOBER 19, 2018

I think organizations need to invest in new technologies and [make] sure they’re catching any critical systems vulnerabilities. The technologies implemented for this purpose have a wide range of applications and uses, and they each share and rely upon data. “So I think [banks] need to be vigilant. Sharing smarts.

Fraud 100

Fraud Knowledge Base System Tools 100

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

OCTOBER 7, 2019

Nav’s primary tool in determining that authenticity is Experian’s Precise ID platform, which leverages knowledge-based authentication (KBA) by asking users questions about their credit reports. The system has never fallen victim to fraud, despite several attempts by bad actors, according to Hanson. For now, KBA is here to stay.

Tools 101

Tools Data Security Fraud 101

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. Cybercriminals are predictable in the sense that they also move toward the weakest or most vulnerable links in a system. In the U.S.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

PYMNTS

MAY 14, 2018

In the new Call Center Commerce Tracker, PYMNTS also explores the particular call center needs of airline customers and reports on the latest headlines about how call centers are turning to cloud-based systems for solutions, ranging from improved productivity to enhanced security. Around the Call Center Commerce World.

Trends 100

Trends Knowledge Base Survey Security 100

NCR

DECEMBER 20, 2017

Criminals have had several years to come up with ways of getting around these identity checks, so it’s vital that FIs are investing in the latest and strongest authentication systems. As the Javelin research suggested, one technology that holds a lot of potential is biometric authentication.

Security 77

Security Knowledge Base blockchain Analysis 77

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

Insights on Business

JULY 29, 2019

A digital assistant with powerful AI capabilities does the job of quickly and efficiently accessing detailed information across various systems, geographies and databases for large sales forces or complex organizational matrices. These enhancements mean that digital assistants can positively affect business results. What it does.

Knowledge Base 101

Knowledge Base Management Examples Operations 101

PYMNTS

APRIL 4, 2019

And those relationships, she noted, are an excellent starting ground for succeeding with innovations “where other technology platform have recently failed.”. The Citi study referenced above, for example, found 87 percent of Americans would still trust traditional banks more than non-bank financial institutions.

Mobile 169

Mobile Study Security social media 169

BankBazaar

JUNE 10, 2020

The app’s highly adaptive video streaming technology ensures that the best possible video quality is played back automatically based on the available bandwidth, therefore making it a great video experience on both mobile networks as well as Wi-Fi internet connections. Its mobile app was launched to support almost all operating systems.

Video 97

Video Mobile Regional Knowledge Base 97

PYMNTS

SEPTEMBER 21, 2016

-based company works with more than 250 merchants in 50-plus countries to boost sales at brick-and-mortar locations and reduce costs by providing them with eCommerce-related customer data they can use to enhance both online and in-store shopping experiences. Retailers Look To Expand Their Knowledge Base. Retailer Pain Points.

Data 100

Data San Jose Retail Analysis 100

PYMNTS

MARCH 17, 2017

“Much of the time, fraud involves a voice transaction — with a credit card issuer, a retailer or somewhere else along the chain,” Dewey said, noting that it’s often much easier to for fraudsters to find or even guess the answers to knowledge-based authentication questions than to guess a password. While the roll-out of EMV in the U.S.

Fraud 107

Fraud Cards Houston Retail 107

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. 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.

Fraud 129

Fraud Training Security Compliance 129

PYMNTS

AUGUST 7, 2019

Conventional methods like knowledge-based verification have come under fire recently. This led the National Institute of Standards and Technology (NIST) to issue guidance after the 2017 Equifax breach that prohibits the use of knowledge-based verification among government agencies. Biometrics. The downside?

Knowledge Base 185

Knowledge Base blockchain Security System 185

FICO

OCTOBER 26, 2021

This means their data is often messy and spread out across siloed systems that don’t communicate with each other efficiently. Traditional banks are investing heavily in technology to focus on customer relationships. Focus on your market distinction and using technology, data and analytics to create tailored experiences.

Analytics 52

Analytics Community Branding Data 52

FICO

JUNE 9, 2022

As these strategies are enacted, enterprise intelligence correlates the approaches suggested, the actions taken, and the results they delivered; this makes the system smarter with each pass… resulting even smarter decisions next time around.

Analytics 52

Analytics Strategy Management Customer Experience 52

PYMNTS

AUGUST 7, 2019

Securing digital identities on a federal level falls under the purview of the National Institute of Standards and Technology (NIST), a non-regulatory agency of the U.S. Temoshok pointed out two major ID security vulnerabilities that are still prevalent, the first of which is knowledge-based questions. “We Department of Commerce.

Knowledge Base 118

Knowledge Base United States Security National 118

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 221

Examples Fraud Resources Risk Management 221

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

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

PYMNTS

APRIL 11, 2017

The reason Yahoo was targeted, said Geiman, was because bad guys wanted to get the answer to knowledge-based questions. If you are not a technology person and you are running a large company,” he said, “it is an unknown thing to you. Payments remains an ecosystem that demands multiple systems in place to guard against fraud.

Data 101

Data social media Fraud Online 101

PYMNTS

SEPTEMBER 19, 2016

The media has declared chatbots the digital version of the little black dress: a technology staple that every brand must now have and every payment type must now commerce-enable. This could also be where Apple may be thinking about making Apple Pay the de facto method of payment in order to drive more Apple Pay adoption. Then, there’s Alexa.

Payments 100

Payments Mobile Apple Google 100

CB Insights

MARCH 6, 2019

Bitmain Technologies. Company Description : Beijing-based Bitmain Technologies produces bitcoin mining servers and other computing components. Company Description : Hello TransTech operates a smart bike-sharing system out of Shanghai. YITU Technology. It is based in Shanghai but is expanding beyond China.

Company 72

Company Capital Groups Big Data 72

PYMNTS

JANUARY 19, 2017

Microsoft also recently announced it will acquire Maluuba , a Montreal-based company that runs what Microsoft called one of the world’s most impressive deep-learning research labs for natural language understanding. In many ways, the city is steadily becoming a center for new technology.

Puerto Rico 100

Puerto Rico Indianapolis Indiana San Francisco 100

Fintech Labs Insights

DECEMBER 5, 2016

.” With clients including USAA and Mastercard , Daon provides both enterprise and public sector customers with biometric authentication technologies including face, voice, and fingerprint recognition. Importantly, the technology is built to make it easier for individuals to protect themselves, delivering both security and convenience.

Security 12

Security Mobile Technology Virginia 12