Fi911

AUGUST 15, 2023

She emphasized the need for businesses to put layered solutions in place to verify and authenticate any data being introduced into their systems. Balance is Needed It is vital for businesses and financial institutions to calibrate the equilibrium between user authentication and transaction friction.

Identity Theft 52

Identity Theft AI Bots Authentication 52

FICO

JANUARY 27, 2020

Identity Theft Demands Self-Advocacy. My colleague, TJ Horan, recently blogged about his predictions regarding the very real threat of identity theft for consumers in 2020. Did you know that more than 1 million American children were victims of identity fraud in 2017 – and the damage included $2.6

Financial Crimes 52

Financial Crimes Crime Identity Theft AML 52

Fi911

SEPTEMBER 27, 2023

Understanding Liveness Detection Liveness detection is pivotal in biometric authentication systems. This adds a crucial security layer, ensuring the authentication process interacts with a genuine source. Halting Identity Theft While typical verification methods have their drawbacks, liveness detection takes security up a notch.

Security 52

Security Identity Theft Verification Authentication 52

FICO

JANUARY 13, 2020

Identity proofing and authentication will be an emerging focus area in 2020. As banking has moved online, identity proofing and user authentication become more of a necessity. It is possible this could push the publishing of a final rule into 2021.

AML 52

AML Authentication Finance OCC 52

FICO

DECEMBER 5, 2022

million identity theft reports filed in 2021, many of which relate back to banks and lenders. For example, using email or text verification for identity authentication is typically not secure, yet many customers still prefer these methods for the same reasons that made them popular from the start - they are quick and easy to use.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52

Fintech News

JANUARY 27, 2025

eKYC or electronic know-your-customer refers to the use of digital technologies to verify the identity of a customer remotely. This process serves the same purpose as a traditional KYC protocol: to prevent fraud and identity theft while ensuring compliance with regulatory requirements.

Money Laundering 114

Money Laundering Online and Mobile Banking AML Authentication 114