PYMNTS

JUNE 29, 2020

Multi-factor authentication (MFA) is a much more effective way to secure these entry points by requiring not only a password, but also an additional verification method, such as a code sent to a user’s phone or a biometric system, like a fingerprint reader or facial recognition scanner. percent of fraud attempts, according to one study.

MFA 96

MFA Risk Security API 96

PYMNTS

OCTOBER 16, 2020

In this month’s Preventing Financial Crime Playbook, Armistead explains how artificial intelligence (AI) can offer a bird's eye view of suspicious transactions and stop fraudsters from exploiting legitimate customer vulnerabilities. How P2P Payment App Zelle Leverages AI To Fight Scams And Frauds. trillion a year. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

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.

MFA 61

MFA Multifactor Authentication Security Authentication 61

Fintech News

MAY 20, 2024

Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. Experts anticipate that by 2028, the majority of banking, investment, and insurance processes will be assisted or driven by AI technologies.

FinTech 135

FinTech Embedded Finance BNPL AI 135

Fintech News

MARCH 19, 2024

This collaboration will see Accredify integrating Okta’s advanced identity management solutions, including Single Sign-On (SSO) and Multi-Factor Authentication (MFA), to benefit its clientele.

MFA 107

MFA Deepfake Credential Privacy 107

PYMNTS

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes. percent of FIs believe AI is an effective tool for stopping fraud before it happens.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

SEPTEMBER 5, 2019

The latest Call Center Commerce Tracker looks at how call centers are using artificial intelligence (AI) and biometrics to keep customers satisfied and safe, as well as new voice and visual trends. Digital communications company Twilio is using AI to make voice prints a form of back-end authentication. Voice Authentication.

MFA 59

MFA Authentication Multifactor Authentication AI 59

The Payments Association

MARCH 19, 2025

Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks. While the future of payments is closely tied to AI, Remi points out that only large companies can fully leverage this technology.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

Stax

MARCH 4, 2024

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase. What is SSL/TLS? Q: What is the most secure online payment method?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

The Payments Association

OCTOBER 22, 2024

Financial institutions must adopt AI-driven solutions and collaborate closely to proactively combat evolving fraud threats. As fraud continues to rise, especially with the emergence of AI-powered scams, is this new regulation enough to tackle the ever-evolving threat of financial fraud? AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

The Fintech Times

MAY 24, 2024

Artificial intelligence’s (AI) emergence in the fintech scene has been a blessing and a curse. The survey found that 62 per cent of UK respondents are not very confident their organisation has the identity management tools to defend against bad actors’ use of AI. Fraud is on the rise, and it’s getting worse with AI.

Authentication 59

Authentication MFA Deepfake AI 59

The Payments Association

APRIL 7, 2025

The industry is now confronting emergent threats driven by technological advancements, such as AI-generated fraud and social media exploitation, amidst challenging economic conditions. Jessica Cath Head of financial crime, Thistle Initiatives We are witnessing the beginning of AI being used in financial crime.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

VISTA InfoSec

SEPTEMBER 25, 2024

Advanced Features: CCaaS solutions include powerful tools like artificial intelligence (AI), automation, and analytics that improve the overall efficiency of customer service operations. Authentication: Implement multi-factor authentication (MFA) to add an extra layer of security to your system.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Advanced Features: CCaaS solutions include powerful tools like artificial intelligence (AI), automation, and analytics that improve the overall efficiency of customer service operations. Authentication: Implement multi-factor authentication (MFA) to add an extra layer of security to your system.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Nanonets

SEPTEMBER 25, 2024

In this article, we’ll explore applications of AI and automation for bank statement processing. In recent years, AI-powered software tools using natural language processing (NLP) and machine learning (ML) have revolutionized this process.   💡 Best practices:  1. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

Segpay

NOVEMBER 26, 2024

Leveraging technologies like artificial intelligence (AI) and machine learning (ML) can enhance the accuracy of identity verification and fraud detection. These platforms often rely on a combination of multi-factor authentication (MFA), which may include passwords, biometric verification (e.g.,

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

Fintech News

MARCH 25, 2024

Artificial intelligence (AI) and machine learning risks are also surging among CROs, cited by 38% of respondents as one of the most important risk for banking organizations over the next five years, up from 13% last year.

Mobile Banking 117

Mobile Banking Online and Mobile Banking Identity Theft Credential 117

The Fintech Times

AUGUST 23, 2024

In addition to E-Mongolia, the government has leveraged artificial intelligence (AI) to digitalise various certificates and university diplomas. Additionally, key organisations such as the Mongolian Fintech Association (MFA), established in 2019, have been instrumental in fostering the development of the fintech ecosystem.

Economy 115

Economy FinTech Government Governance 115

Finovate

MAY 1, 2024

Integrating Cloudentity’s orchestration and FGA capabilities will complement SecureAuth’s suite of identity security solutions such as its AI/ML Risk Engine and Passwordless MFA technologies. which powers Open Finance communities around the world.

Acquirers 59

Acquirers Technology MFA Authorization 59

Segpay

DECEMBER 13, 2024

Striking the Balance Between ID Management and Data Protection In the digital age, where data drives everything from marketing strategies to AI algorithms, a growing number of citizens are worried about the protection of their personal data.

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

OCTOBER 1, 2019

In the latest Digital Fraud Tracker, PYMNTS highlights the fraud trends and patterns that regulators are closely monitoring, as well as the solutions — including artificial intelligence (AI) and machine learning (ML) — that are being deployed to shift the anti-fraud effort from def ense to offense. Developments Around The Digital Fraud World.

Romance Scams 62

Romance Scams Scams Federal Trade Commission FTC 62

PYMNTS

JULY 13, 2020

Many FIs are also adopting multi-factor authentication (MFA), which requires customers to confirm their identities in several ways, such as by entering login details and keying in a one-time code sent to their smartphones via text.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Seon

SEPTEMBER 11, 2023

Set up multi-factor authentication (MFA): Add one-time passwords (OTPs) or other types of MFA to all neobank accounts. Support Your Customers in Fighting Fraud With These Shareable Tips Fraud fighting is a joint effort between businesses and their users. We’ve helped by listing some simple tips to share with your customers.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

SEPTEMBER 4, 2019

As a result, banks like TD Bank are approaching call center security needs with tools like multifactor authentication (MFA). In a PYMNTS interview, Richard Noguera, chief information security officer at Yapstone , discusses the findings of the playbook titled “Meeting the Millennial Need for AI-Powered Visual Shopping.”

Visa 40

Visa Multifactor Authentication MFA Authentication 40

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Seon

SEPTEMBER 28, 2023

Password management : Using multi-factor authentication (MFA) and password managers. Future security measures, such as generative AI and deepfake detection – particularly given that biometric authentication will become increasingly challenged by AI-focused fraudsters in the years to come.

Security 52

Security Phishing Best Practices Data Breach 52

Seon

JANUARY 29, 2024

Harness the power of Machine Learning: An AI-powered machine learning tool (ideally consisting of both a whitebox and blackbox model) gets increasingly accurate with your feedback and helps you identify the patterns and typical behavior the human eye wouldn’t be able to notice.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. This type of MFA will combine certain KBA elements, such as usernames, with alternate authentication measures that are harder to obtain in data breaches.

MFA 49

MFA Authentication Phishing Verification 49

The Payments Association

DECEMBER 10, 2024

The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Why is it important?

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

EBizCharge

MARCH 21, 2025

Artificial intelligence (AI) has steadily emerged as a transformative powerhouse, revolutionizing the accounting field by automating mundane tasks and enhancing decision-making capabilities. Will AI replace accountants? While AI can enhance efficiency and provide intelligence in accounting, it wont replace accounts entirely.

AI 52

AI Accounts Fraud Detection Audit 52

Segpay

DECEMBER 19, 2024

These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment. It offers a range of solutions, including video-based identity verification, AI-driven document verification, and electronic signing (eSigning).

Verification 104

Verification Authentication MFA Compliance 104

Fintech News

MARCH 1, 2025

Both individuals and institutions must implement rigorous security measures to mitigate risks: Use Multi-Signature & Multi-Factor Authentication (MFA) Implementing multi-signature wallets ensures that transactions require multiple approvals, reducing the risk of a single point of failure.

Security 118

Security Phishing Breach Audit 118

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). AI-generated messages: Mimicking legitimate communication to deceive users. These schemes typically involve: Phishing emails : Crafted to trick users into sharing login credentials.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88