Remove Mobile Banking Remove Security Remove User Authentication
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Accelerating Pay by Bank Adoption in the UK: Token.io and Fabrick Announce Partnership

The Fintech Times

Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow. Without manual entry of sensitive data, users authenticate payments directly from their mobile banking app for a fast, convenient and secure payment experience.

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Canadians Have Polarizing Views on Evolving Payment Innovations With Security Concerns Being Top-of-Mind, Reveals New Payments Canada Study

Fintech Finance

Concerns around security, lack of familiarity and a sense of contentment with existing payment and shopping experience technologies impact the appeal of newer innovations. However, Canadians are divided on the appeal of innovations that have the potential to reshape our shopping and payment experiences, with security being a key concern.

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Samsung SDS Partners On Mobile Payments Solution

PYMNTS

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.

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Small Business Banking Tests The Digital Identity Waters

PYMNTS

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.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

FICO

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. Tue, 07/02/2019 - 02:45. by Sarah Rutherford.

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

However, the current rules do not address changes in the industry like the advent of mobile banking. As banking has moved online, identity proofing and user authentication become more of a necessity. The proposed rule generally drew praise from industry but raised concerns from consumer and civil rights advocates.

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Finovate Debuts: VoicePIN Offers an Easy Biometric Login Solution

Fintech Labs Insights

At FinovateEurope 2016, the company launched its multi-channel voice biometrics solution for IVR, mobile app or website login, and during call center service. 2) Enhanced security. We have designed VoicePIN for convenient multi-channel user authentication. Voice authentication was deployed to improve taxpayer service.