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Authentication Mobile Banking Online and Mobile Banking 
Fintech News
MARCH 25, 2024
Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.
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PYMNTS
SEPTEMBER 8, 2020
Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Its Mobile Deposit solution has been licensed by more than 6,400 financial institutions. Premier” checking account customers.
Stax
JULY 9, 2024
We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. All you need to use a digital wallet is a smartphone.
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Payments Source
JANUARY 23, 2018
Mastercard plans to deploy its biometric authentication option for European consumers to use through their smartphones when shopping online or conducting mobile banking.
The Fintech Times
APRIL 23, 2024
As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems. Security let downs Which?
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The Fintech Times
JUNE 8, 2024
Moneyhub , the UK-based data and payments platform, has launched its new account verification service, powered by open banking, to enable better payment security utilising bank-level security controls (including PSD2 SCA) and biometrics.
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FICO
AUGUST 24, 2020
This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.
The Paypers
DECEMBER 11, 2020
US-based OneSpan has announced that mobile-only bank Orange Money , has integrated OneSpan’s Intelligent Adaptive Authentication (IAA) to help fight online and mobile fraud.
FICO
JULY 27, 2020
As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone.
PYMNTS
JANUARY 30, 2017
APS financial is making changes to its mobile banking services. banking technology firm announced last week that, following feedback from both its SME and consumer clients, APS introduced greater mobile functionality for its suite of online banking solutions.
PYMNTS
DECEMBER 2, 2016
It’s an inescapable trend for banks: Corporate clients want to be able to have the same convenient ways of banking that they already have access to in their consumer lives. Among the tallest is how to make mobile corporate banking services secure. For a $0.99
PYMNTS
OCTOBER 3, 2019
But what you probably don’t know is that consumers want the type of financial services control that could potentially reduce their risk for fraud and leave them responsible for more authentication tasks, according to fresh PYMNTS research. consumers, so the findings are solid enough to take to the bank, if you will.). Consumer Desires.
60 
PYMNTS
JUNE 29, 2020
The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans.
M2P Fintech
JANUARY 3, 2024
Core Banking Solution (CBS) promises a transformative leap for banks. It ensures banking functions are fully digital and compliant with modern banking standards. Migrating from Legacy Systems Transitioning from legacy to modern core banking platforms is a complex task.
PYMNTS
JANUARY 31, 2018
In online banking, 40 percent abandonment is … intolerable. As many as four in 10 consumers have at some point in their journey into online banking found the process frustrating enough to give up, as estimated by Signicat. In life, 40 percent of anything is a lot. And the frustration level has grown.
PYMNTS
AUGUST 21, 2019
Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. This is driving legacy banks to take a closer look at their own products and strategies, with many rising to the challenge. Around the Digital Banking World.
PYMNTS
JUNE 8, 2020
The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect making digital platforms the only option for many consumers to interact with their banks. Around The Digital Onboarding World.
PYMNTS
SEPTEMBER 4, 2019
In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. Consumers are becoming savvier about the protections available to them to help safeguard identities as they interact with banks or merchants, Singh said.
PYMNTS
JULY 1, 2019
There is a growing need for stronger authentication methods as the number of attacks continues to climb. Modern customers are much more likely to grow frustrated by lengthy processes and switch to other banks, after all. Biometrics and the Benefits for Security .
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Fintech Finance
JUNE 7, 2024
Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics. Moneyhub Account Verification leverages Moneyhub’s AIS API to enhance the security and integrity of online financial transactions.
52 
PYMNTS
JANUARY 22, 2020
FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.
The Fintech Times
DECEMBER 21, 2023
Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.
PYMNTS
DECEMBER 11, 2019
In today’s top news, policymakers at the European Central Bank (ECB) will meet to discuss the pros and cons of launching their own electronic currency. Also, open banking platform Token.io ECB President Touts Benefits of Central Banks Launching Crypto. Token’s M10 Networks Launches ‘Bank-Grade’ Digital Money Rail.
52 
PYMNTS
JUNE 10, 2020
In one of the signs of where we are and where we are headed in the warp-speed transformation of digital banking, consider the internet meme that poses a multiple-choice question and series of answers. Admittedly, financial institutions (FIs) were not bringing all their efforts to bear on pivoting to mobile and online channels.
The Fintech Times
JANUARY 9, 2024
” Protecting online and mobile banking platforms Andy Cease, director of product marketing at Entrust Protecting sensitive data and banking platforms could also emerge as one of the most important uses of AI in the industry. This will help consumers to feel more secure in their digital transactions.”
119 PYMNTS
OCTOBER 15, 2018
According to the International Monetary Fund, banks and FIs could lose as much as $100 billion to cybercrime every year. Both solutions provide increased fraud protection to online transactions made via debit or credit cards. Now, banks and merchants are looking to adopt the service’s next generation: 3DS 2.0. Mobile movements.
66 
PYMNTS
OCTOBER 22, 2018
22) that involves mobile payment services provider Ondot Systems and Citi Ventures. More Mobile Management. In fact, enabling that holistic view is among the top ongoing trends in payments and commerce, including authentication, as shown in a recent PYMNTS story. “As That’s the thinking behind a new deal announced Monday (Oct.
FICO
DECEMBER 5, 2022
Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. million identity theft reports filed in 2021, many of which relate back to banks and lenders.
PYMNTS
AUGUST 21, 2020
Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024. billion by 2024.
106 
PYMNTS
NOVEMBER 14, 2019
While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is often acute even before an SMB opens an account. Power found that small businesses continue to embrace mobile banking, with its 2019 U.S. KYC Complexity.
59 PYMNTS
MAY 13, 2019
So, it is in banking with fraudsters and their victims, where attacks leverage weak points inherent in existing technologies and processes. The access lets the bad guys steal identities and drain bank accounts. And why would you want your banking built on that inherently insecure system?” They gain access.
PYMNTS
MAY 9, 2017
Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.
FICO
JANUARY 13, 2020
banking industry in the 2020. . The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970. However, the current rules do not address changes in the industry like the advent of mobile banking.
52 
PYMNTS
OCTOBER 10, 2019
Knowledge-based authentication (KBA) tools, including passwords and security questions, tend to be the primary strategy for verifying identity, and this is true for areas of financial services beyond the consumer world. The same goes for small business users, too.
PYMNTS
JANUARY 27, 2021
The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online. What happens over time is you start to look around and see big banks like Chase, Wells Fargo and Bank of America.
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Clearly Payments
APRIL 9, 2024
This includes digital platforms, software, and applications that offer financial services such as mobile banking, peer-to-peer (P2P) payments , online lending, and investment management. Key features of the fintech experience include mobile-first interfaces, 24/7 accessibility, and tech-driven personalized services.
105 
PYMNTS
MAY 3, 2016
Infosys Finacle, part of EdgeVerve Systems, and Samsung SDS, a subsidiary of Samsung Electronics, announced a new partnership aimed at providing consumers with a frictionless mobile banking/payment solution. Customers are becoming far more accustomed to accessing and spending their money via mobile.
PYMNTS
APRIL 22, 2020
Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. Data and Authentication Frustrations.
53 
PYMNTS
APRIL 1, 2020
Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile channels. In the March Credit Union Tracker® , PYMNTS analyzes the latest developments in the CU space, such as how they are tackling fraud protection challenges in a growing online banking ecosystem.
72 PYMNTS
OCTOBER 12, 2018
The world can be a scary place these days, especially for banks. banks, and these attacks are increasing in both frequency and sophistication. Two-thirds of banks and 83 percent of FIs have experimented with the technology already. The Future Of Omnichannel Bank Security.
76 
PYMNTS
JULY 29, 2019
To accommodate this shift and the nation’s growing number of internet and smartphone users, tech giants like Amazon and Facebook are launching digital banking solutions focused on mobile devices. Chatbots, AI and Personalization in Indian Banking. Other FIs are turning to chatbots as more consumers embrace digital banking, too.
72 
PYMNTS
JUNE 17, 2019
Open banking is nothing if not a lot of moving parts and complications. In a discussion with Karen Webster, Samuel-Ogbu talked about the role of API aggregation and how incentives can help to ignite open banking, one of the main efforts now taking place in the world of payments and commerce. Bank Threat.
78 
PYMNTS
JULY 13, 2020
This fraud type occurs when bad actors seize control of victims’ bank or online merchant accounts and spend ill-gotten funds, and it is likely to become more frequent until FIs can demonstrate that their defenses are strong enough to deter criminals’ attempts. Understanding ATOs. This method has downsides, however.
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FICO
AUGUST 24, 2021
As we look to our mobile devices to make transactions fast and easy, the mix of underlying data has gotten incredibly complex. Through the lens of the customer journey, we may need to combine a fraud decision and an authentication decision, or identity proofing and KYC compliance decisions. You’re not alone.
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