Keyless’ Post

The “Reusable identity and money movement” summit on Day 1 at #Money20/20 made me even more excited about the immense value #ManisCloud brings to the table by enabling real-time sharing of user identity and fraud data across money transfer operators (MTOs). Very interesting panel discussion by Nium and TransferMate Global Payments. Sinead Fitzmaurice Alexandra Johnson By seamlessly connecting operators through our platform, we’re setting the stage for a new era of collaborative risk management. This not only enhances fraud detection capabilities but also reduces operational friction between MTOs, making partnerships smoother and more efficient. 🌐 Manis Cloud’s innovative approach empowers MTOs to align their compliance efforts, boost trust, and expand safely without the usual bottlenecks. With regulatory hurdles increasing, a unified network for identity verification and fraud prevention is more critical than ever. I can’t wait to see how this platform transforms the remittance landscape and enables greater financial inclusion worldwide. Stay tuned for more insights from #Money2020!

Tokenization and Multi-Factor Authentication In today's 'Info of the Day' series, we're delving into Tokenization and Multi-Factor Authentication (MFA) in online card payments. Tokenization replaces sensitive card information with a unique token, reducing the risk of data theft during transactions. Meanwhile, Multi-Factor Authentication adds an extra layer of security by requiring users to provide multiple forms of verification, such as a password, biometric scan, or one-time code. Together, these measures help safeguard cardholder data and prevent unauthorized access. #InfoOfTheDayFintech #fintech

𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝗧𝗿𝘂𝘀𝘁 𝗦𝘁𝗮𝗺𝗽 𝗽𝗿𝗲𝘃𝗲𝗻𝘁 𝗖𝗮𝗹𝗹 𝗖𝗲𝗻𝘁𝗲𝗿 𝗙𝗿𝗮𝘂𝗱? 🛡️Our innovative approach tackles call center fraud head-on by combining advanced biometric tech and secure tokenization processes. Here's how we keep your company safe: 1️⃣ 𝗣𝗼𝘀𝘀𝗲𝘀𝘀𝗶𝗼𝗻-𝗕𝗮𝘀𝗲𝗱 𝗔𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰𝗮𝘁𝗶𝗼𝗻: When a customer calls, a unique challenge is sent via email or to a registered phone number, confirming possession of a trusted device. 2️⃣ 𝗕𝗶𝗼𝗺𝗲𝘁𝗿𝗶𝗰 𝗩𝗲𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: The customer is prompted to take a live selfie. Trust Stamp's advanced technology checks for liveness and matches the selfie against a biometric token, ensuring the caller is indeed who they claim to be. 3️⃣ 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: Our solution easily integrates into your existing call center operations, enhancing security without disrupting customer service flow. 👉 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲: https://lnkd.in/eDRf2fPC #banking #fintech #callcenterfraud #identityfraud

In an era of ubiquitous digital transactions, the challenges of maintaining security and preventing fraud have never been more pressing. We recently spoke to Adam Preis, MCIM, Director of Product and Solution Marketing at Ping Identity about the crucial role of digital identity in combating fraud, exploring the strategies and technologies shaping the future of secure digital transactions. Traditional Know Your Customer (KYC) processes are no longer sufficient. Continuous identity verification and real-time adaptive access decisioning throughout the customer journey is essential to detect and prevent fraud in real-time. Discover how enhanced digital identity solutions are improving security and streamlining user experience, thereby transforming the landscape of digital commerce and banking. Read the full article here for a comprehensive understanding of digital identity in fighting fraud: https://bit.ly/3XPRmst Hannah Wilson ACIM Eric Geens Jimmie Franklin Pascal Hias

☠️ [80% of data breaches are caused by passwords]☠️ ❎Yet, more than 50% of online users reuse passwords across multiple accounts. That's why FIs are spending a big chunk of their budget on digital identity authentication, according to the Datos Insights 2024 Trends in Fraud report. ✔️Update your outdated password technology and start decreasing digital banking fraud today. 🎓Learn how: https://bit.ly/48GWq48

While #ArtificialIntelligence in banking isn't a recent development, it's evolving. Its capacity to streamline operational tasks, support client credit assessments, and enhance the effectiveness of security and fraud prevention make it a worthwhile investment for your financial institution. This session delves into the various avenues available for integrating this technology. Join Mark Leher this afternoon at #FXT24 for "How Financial Institutions Can Embrace Artificial Intelligence"

Better, frictionless security AND huge time reduction? Where do I sign up?? In all seriousness - caller authentication is a must-do for most financial institutions. Why NOT streamline this process so your agents can provide a better call experience?

✔️For today’s #FutureProofFriday, the spotlight is on customer authentication. In a recent webinar, Maggie Tuschinski from First Financial Bank Texas , a Q2 customer, shared that with Entersekt there’s no need for customers to “put in multiple one-time passcodes or remember passwords.” In fact, Entersekt makes customer authentication a simple task for banking customers by: ▶️Removing the hassle of authenticating multiple times with clunky one-time passwords. ▶️Simplifying how customers verify their identity with intuitive solutions like biometrics, that don’t add unnecessary friction. ▶️Improving the security of transactions by sharing a detailed push notification with the customer. Watch the full webinar here 👉 https://lnkd.in/eeqbFCvc

✔️For today’s #FutureProofFriday, the spotlight is on customer authentication. In a recent webinar, Maggie Tuschinski from First Financial Bank Texas , a Q2 customer, shared that with Entersekt there’s no need for customers to “put in multiple one-time passcodes or remember passwords.” In fact, Entersekt makes customer authentication a simple task for banking customers by: ▶️Removing the hassle of authenticating multiple times with clunky one-time passwords. ▶️Simplifying how customers verify their identity with intuitive solutions like biometrics, that don’t add unnecessary friction. ▶️Improving the security of transactions by sharing a detailed push notification with the customer. Watch the full webinar here 👉 https://lnkd.in/eYNmF9sT

“Our traditional authentication process was averaging 90 seconds. But because we were doing a more stringent security Q&A in response to an increase in fraud attempts, our average increased to nearly two minutes to authenticate members. Now it only takes 14.5 seconds to authenticate a member who has opted into the program. So that’s been great. Obviously, that affects hold times. It affects abandonment rate. All those things that we were struggling with, we’ve seen these things turn around thanks to the voice authentication piece.” - Dan Gatfield, Dort FCU Chief Retail Officer #technology #bankingindustry #data #strategy #banking #security #safety #financialservices #tech #customerexperience #development #customerservice #banks #callcenter #fraudprevention #fraud #creditunions #lending #authentication #creditunion