PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Customers using mobile banking apps might scan their fingerprints to confirm their identities, for example.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

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

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.

MFA 46

MFA Multifactor Authentication AI Authentication 46

FICO

DECEMBER 5, 2022

million identity theft reports filed in 2021, many of which relate back to banks and lenders. At the same time, mobile banking, payment and money transfer apps are exploding in popularity, as 89% of respondents to a recent Insider Intelligence study use mobile banking, including 97% of Millennials.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft CashApp 52

PYMNTS

JUNE 29, 2017

On the other side of the planet, DBS Bank (one of the largest banks in Asia) is offering the same functionality to three new markets as it rolls out its all-mobile banking platform digibank in India, Singapore and Indonesia. We’re on a mission to reinvent the way people interact with enterprises, starting with banks.”.

AI 41

AI Bots Visa Mobile Banking 41

PYMNTS

OCTOBER 10, 2019

percent of customers agreed that mobile transactions would be more secure if the consumers themselves had more control over their authentication options. Fraudsters are relying on technologies like artificial intelligence (AI) and machine learning (ML) to put ever-more-complex schemes to work like bot and automated attacks.

AML 50

AML Money Laundering Online and Mobile Banking Fincen 50

PYMNTS

APRIL 19, 2018

Customer-facing integrations for AI technology aren’t the sole focus for OCBC’s AI Lab, according to Wong, and his team is also working to add a dose of intelligence to internal operations and bank processes. There are also a lot of fraudsters who are getting smarter and know what the banks are looking for when it comes to fraud.”.

AI 40

AI AML Authentication Use Case 40