PYMNTS

JULY 10, 2020

FIs can adopt more robust login approaches to make it less likely that bad actors can obtain the necessary information to pass authentication checks. FIs can mitigate this risk by having customers answer certain questions after providing passwords, for example, or asking that they undergo facial- or fingerprint-based biometric authentication.

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Multifactor Authentication Authentication Credit Union Fraud Prevention 53

PYMNTS

FEBRUARY 18, 2020

It can also help financial institutions (FIs) assess data from multiple channels, create seamless connections and enable them to make complex authentication decisions and detect fraud in real time. It also reported that more than 25 North American banks saw digital sales representing approximately 10 percent of all their product sales.

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Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

Fintech Labs Insights

APRIL 19, 2016

“At Nexmo we’ve built a verification solution, which is a turnkey product, available as an SDK, that allows you to seamlessly build strong authentication solutions inside your mobile banking app,” Nexmo Product Lead Parth Awasthi explained from the Finovate stage.

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Multifactor Authentication Authentication Mobile Banking Verification 17

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

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MFA Multifactor Authentication AI Authentication 46