PYMNTS

JULY 13, 2020

Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising 164 percent in 2018. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

APRIL 22, 2020

One of the most frustrating parts of any onboarding experience is the time it takes for customers to complete the process, even via channels designed for ease of use, like mobile banking apps. One recent report found that 40 percent of consumers abandoned applications on mobile banking apps because of the time involved to sign up.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

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.

MFA 46

MFA Multifactor Authentication AI Authentication 46

PYMNTS

NOVEMBER 16, 2018

Even so, it doesn’t veer too much toward the illusionary and nostalgic to submit the proposition that banking, and other financial services , used to be much more personalized — much more one on one — than is the case now. The reality can be a bit more fuzzy, to say the least. In fact, AI “is all about personalization,” he told Webster.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43