PYMNTS

MARCH 10, 2020

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. NatWest Launches Card-Mounted Fingerprint Readers For Contactless Authentication.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

Payments Source

FEBRUARY 12, 2019

The quest to implement a broadly accepted digital ID solution may take years, but Jumio is hoping to get headway with a new authentication service leveraging video selfies.

Authentication 67

Authentication Verification Mobile Banking Mobile Payments 67

PYMNTS

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. As such, FIs must seek more innovative authentication procedures that take less time and draw less ire than weak password and PIN systems. Biometrics and the Benefits for Security .

AI 75

AI Authentication Online and Mobile Banking Verification 75

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.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

Payments Source

NOVEMBER 7, 2016

Citibank has launched Touch ID sensor authentication for its iOS mobile banking users in Hong Kong.

Authentication 83

Authentication Mobile Banking Verification Technology 83

PYMNTS

OCTOBER 31, 2016

The challenge is authenticating a consumer across a landscape where that individual is actively opening accounts and performing transactions. Who is really in the best position to issue, and authenticate, the digital identity assigned to a consumer? This is a natural lead into mobile … and most banks are focusing on digital.”

Online and Mobile Banking 76

Online and Mobile Banking Verification Database Authentication 76

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.”

AI 119

AI FinTech Online and Mobile Banking Best Practices 119

PYMNTS

JANUARY 27, 2021

The new features include a biometric voice authentication system intended to reduce the time spent waiting on hold and fortify security. The name is a nod to the CU’s founding 85 years ago by the Western Electric Company as the W. Headquarters Federal Credit Union, created to serve its employees.

Credit Union 89

Credit Union Online and Mobile Banking Credit Union Service Organization Automation 89

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.

Online and Mobile Banking 53

Online and Mobile Banking ATM Authentication Compromise 53

FICO

JANUARY 11, 2021

Because humans are involved, the thoroughness of document verification varies based on the person performing this manual process. To offer customers faster and better originations processes, banks need to automate more – without increasing risk. Less than 10% of Americans use mobile banking exclusively. Authentication.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Verification 52

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. The latest PSD2 Tracker looks into how EU merchants and retailers could leverage biometric authentication to better comply with SCA. Previous efforts for the U.S.

Compliance 52

Compliance Authentication Online and Mobile Banking Privacy 52

PYMNTS

SEPTEMBER 16, 2019

Possession and inherence bring consumers more heavily into the authentication process because both rely on information that only they have. Another area of concern is that merchants are dependent on card issuers, which choose the verification categories and combinations consumers will need to meet when making online purchases.

Posting 46

Posting Authentication Online and Mobile Banking Technology 46

PYMNTS

OCTOBER 10, 2019

Though financial services players may be excited about the prospect of cutting costs and improving automation through the adoption of digital identities (as opposed to physical identity documents), more traditional identity verification tools continue to dominate. The same goes for small business users, too.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49

PYMNTS

DECEMBER 26, 2016

Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged. As payments continue their digital and mobile transformation, 2016 became the year that new methods of identity verification and authentication in the mobile channel became critical to success.

Authentication 43

Authentication Verification Payments AML 43

PYMNTS

MAY 22, 2019

In banking, the customer journey, of course, begins with the first steps involved in setting up a relationship — offering up names, addresses, Social Security numbers (SSNs) and a wealth of other data to set up accounts. However, that’s a process that needs to keep up with the times. However, he cautioned against complacency.

Fraud Prevention 67

Fraud Prevention Online and Mobile Banking Verification Accounts 67

PYMNTS

JUNE 8, 2020

FIs thus received an influx of customers looking to mobile onboard as they pivoted to facilitating typically in-person activities online. Banks are familiar enough with mobile banking, but mobile onboarding is a different story. Why Mobile Banking Depends On Balancing Onboarding Convenience With Security.

Online and Mobile Banking 62

Online and Mobile Banking Mobile Banking Verification Accounts 62

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. Data and Authentication Frustrations.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

The Paypers

MAY 18, 2022

Royal Bank of Canada (RBC) has teamed with payments solution provider MYPINPAD to integrate the latter’s bank-grade Mobile Banking Authentication SDK (MBAS) into RBC’s mobile banking app.

Verification 28

Verification Mobile Banking Authentication Payment Solutions 28

PYMNTS

APRIL 1, 2020

The solution allows users to authenticate themselves simply by speaking a pre-chosen passphrase, something that eliminates the need for lengthy verification that may frustrate these users. The CU hopes the tool will also reduce friction for call center employee s. Consumers today seek ever-faster access to financial services.

Credit Union 72

Credit Union Online and Mobile Banking Innovation AI 72

FICO

NOVEMBER 25, 2019

This is why FICO has invested in innovations in biometrics and behavioral authentication, combined with machine learning analytics, that can create trust in digital identities while streamlining complex onboarding, fraud and compliance processes. FICO Authentication Suite includes behavioral authentication capabilities.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

PYMNTS

JUNE 9, 2020

Mobile banking has been edging out desktop banking for years, but branch closures during the COVID-19 pandemic appear to have given it a significant push. Registrations on mobile banking apps rose 200 percent in April, for example, and mobile traffic on such apps jumped 85 percent for the month.

Online and Mobile Banking 59

Online and Mobile Banking MFA Enrollments SWIFT 59

PYMNTS

SEPTEMBER 14, 2020

Failing to properly authenticate students could delay their enrollment and improper authentication during onboarding could also open up universities’ online portals to fraudsters. Georgetown University, for one, is augmenting its onboarding process via a mobile application that students are required to download onto their phones.

Online and Mobile Banking 61

Online and Mobile Banking Authentication Adjustments Returns 61

Fintech Labs Insights

OCTOBER 7, 2015

Crysp helps leverage sensors built into mobile devices to invisibly authenticate users. Crysp provides APIs that enable real-time verification of users’ context and how they enter their credentials, such as their touch pressure and size, typing rhythm, swipe velocity, etc. Presenters. Anand Desai, CEO.

Authentication 23

Authentication API Payment APIs and Integration Credential 23

FICO

AUGUST 24, 2020

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 banking and payments activity has surged globally since March 2020, driven by factors including temporary bank branch closures and a rise in contactless payments.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Contactless Payments 52

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.

Online and Mobile Banking 59

Online and Mobile Banking AML Small Business Mobile Banking 59

PYMNTS

MAY 9, 2019

So it is with banking, and with fraudsters and their victims, where attacks leverage weak points inherent in existing technology and processes. The access lets the bad guys steal identities and drain bank accounts. The shift toward mobile banking done across phones also carries with it the promise of financial inclusion.

Online and Mobile Banking 40

Online and Mobile Banking ATM Authentication Verification 40

Fintech Labs Insights

MAY 13, 2015

Mistral Mobile is our next presenting company, demonstrating its multi-factor authentication platform, m-Aegis. m-Aegis is the only comprehensive, multi-factor, telco-independent, authentication and security solution for mobile applications and OTP replacement. Product Launch: February 2015. Metrics: 15+ employees.

Authentication 23

Authentication Compromise Mobile Banking Verification 23

PYMNTS

JULY 29, 2019

Kotak Mahindra Bank, meanwhile, just launched an upgraded version of its Keya chatbot, which uses Active.AI Most Indian FIs that are experimenting with and deploying chatbots are relying on AI to grant some measure of personalization to their mobile banking experiences.

AI 72

AI Automation Online and Mobile Banking ATM 72

Fintech Labs Insights

APRIL 19, 2016

Adding better verification technology to banking and financial apps is a balancing act. In its Finovate debut in London earlier this year, Nexmo , a worldwide leader in cloud communications, demonstrated its solution to this challenge: an SDK that enables developers to add phone verification to their apps with a single function call.

Multifactor Authentication 17

Multifactor Authentication Authentication Mobile Banking Verification 17

PYMNTS

AUGUST 3, 2017

Banks decided to do something about all of that. By 2007, they had come up with Stronger Authentication featuring two-factor authorization. As fraud losses tripled over the next three years, it became very clear that Stronger Authentication wasn’t strong enough. At first, they did so using malware. A Happy Ending?

Faster Payments 49

Faster Payments Authentication Phishing Payments 49

PYMNTS

NOVEMBER 21, 2017

According to a press release , BBVA is the first Spanish bank to deploy Samsung’s biometric authentication technology. Dubbed Samsung Pass, the technology enables customers to bypass login and password authentication methods. BBVA’s goal is to deliver a fast and user-friendly browsing experience.

Online and Mobile Banking 41

Online and Mobile Banking Authentication NOV Cybersecurity 41

PYMNTS

JANUARY 27, 2017

Using the phone as a conduit to identity verification, said the executive, is easier than spending time typing in a username and password. Attributes that already exist online can be gathered together for authentication, for anything from entering a building to opening an app to sending money across mobile banking.

Social Security 57

Social Security Online and Mobile Banking Credential Governance 57

PYMNTS

JANUARY 1, 2021

Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

CB Insights

JUNE 5, 2019

The service promises “real-time analysis” of video streams and “face-based user verification” among other features. In addition, the company filed a patent in 2018 that explores additional layers of authentication, including asking users to perform certain actions like “smile, blink, or tilt his or her head.”.

Technology 78

Technology Law Enforcement Online and Mobile Banking Authentication 78

PYMNTS

JANUARY 31, 2018

Simply put, 36 percent said the process took too long, and authentication was too time-consuming, at 20 percent. The price can be a heavy one to pay, as 31 percent of respondents reported having a negative view of their financial institution after abandoning a mobile banking activity.

Online and Mobile Banking 61

Online and Mobile Banking Push-to-Card Money Laundering AML 61

PYMNTS

DECEMBER 24, 2020

This was supposed to be the year that biometrics broke through as an identity verification for payments. Mastercard , which has tested selfie biometric authentication tools, revealed early in the year that it planned to expand those capabilities to its payment solutions in the U.K. Biometrics. There were significant developments.

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

PYMNTS

MARCH 14, 2017

New digital authentication tools are allowing India’s rural consumers to open bank accounts in the blink of an eye. As India moves to a cashless society, new digital banking tools — such as iris scanning technology — are being adopted by the nation’s banks to help verify customers’ identities. An Eye on Demonetization.

Authentication 51

Authentication Push-to-Card Database ATM 51