PYMNTS

FEBRUARY 22, 2019

The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. Nowadays, verification spans many conduits and data points — including something the consumer is (i.e., Compliance impacts friction — likely increasing it. Everybody knows what you know, it seems.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

APRIL 22, 2020

There has been greater interest among FIs for tools that can provide the same level of service and satisfaction regardless of channel, with 88 percent of banks’ fraud executives stating that key use cases for risk assessment tools are ones that improve onboarding experiences.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

PYMNTS

NOVEMBER 6, 2017

It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts. The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

FICO

APRIL 8, 2020

Identity Verification. This is the first stage in the process where biometrics can be used to establish identity. The digital identity verification equivalent enables a “selfie” sent by the applicant to be accurately compared with the photo of their identity document. Enrollment.

Accounts 52

Accounts Enrollments Authentication Verification 52

PYMNTS

AUGUST 7, 2019

As Prideaux noted, this isn’t a cut-and-dry question, because authentication and verification is a complex world. There are all kinds of verification use cases, he said, that don’t quite need full AML/KYC compliance, and classification purposes as to whether the consumer is in good standing or not.

Authentication 44

Authentication Consumer Authentication Consumer Ubiquitous 44

PYMNTS

JULY 23, 2019

The identify verification that happens before accounts are opened are where governments and regulatory bodies very much tell you to do things in a certain way,” Boku CEO Jon Prideaux told Karen Webster in a recent conversation. It’s also the most highly regulated part of any financial transaction.

Authentication 40

Authentication Privacy Credential Compliance 40

Fintech Labs Insights

AUGUST 22, 2024

Trulioo: Raised $475M, global identity verification provider, continues to expand, securing contracts with multinational corporations. iProov: Enhanced security features for online face verification, adopted by more governments. Microblink : Advanced OCR for real-time identity verification, expanding into new sectors.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Seon

MAY 8, 2024

By using thousands of real-time device signals, from geolocation and IP information to behavioral data such as battery life, phone orientation and font count, suspicious setups and settings across desktop and mobile devices can be flagged and blocked.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52