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What to Know About Tokenization

Basis Theory

Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification. Prevalence Encryption is ubiquitous.

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Core Banking Systems evolution to cloud technology

Finextra

Technology Transformation Drivers Several technological shifts are reshaping the industry: Infrastructure Evolution : The move to cloud computing, ubiquitous mobile connectivity (90% UK mobile ownership), API-driven architectures, and component-based systems is starting to replace monolithic legacy infrastructures.

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Deep Dive: Why Robust Email Verification Is The First Fraud Barrier For Consumer Onboarding

PYMNTS

There is one particular piece of personal information that is widely used across these and other fraud schemes that needs to be robustly protected to keep fraudsters out, however: the seemingly innocuous — but often ubiquitous — email address. Email and the Verification Divide. The Future of Email Verification.

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Blockchain can power ubiquitous digital IDs and marketplaces

Payments Source

While the advent of the Internet offered the possibility of increased global connectivity, blockchain has the potential to take this advancement to the next level, writes Sergey Ponomarev, the CEO of SONM.

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Taking The Future Of Digital ID Verification Back To The Phone

PYMNTS

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

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Remote Onboarding Boom Being Secured By Multifactor Authentication

PYMNTS

This process requires consumers to provide not only their usernames and passwords to access services but also an additional form of verification, such as a biometric identifier or a code that can be emailed to them or sent via text message.”. Additionally, phone verification is a vital component of two-factor authentication.

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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

Robust digital ID verification practices could make many fraud schemes a thing of the past, but many banks and businesses have yet to adopt them. Digital identity apps are quickly becoming ubiquitous as replacements or supplements to physical identity documents in many countries. Developments From Around The World Of Digital ID.