PYMNTS

AUGUST 7, 2019

Conventional methods like knowledge-based verification have come under fire recently. This led the National Institute of Standards and Technology (NIST) to issue guidance after the 2017 Equifax breach that prohibits the use of knowledge-based verification among government agencies. Biometrics.

Knowledge Base 185

Knowledge Base blockchain Security System 185

South State Correspondent

FEBRUARY 4, 2025

By far, the most popular use case is enabling employees to access a banks knowledge base more efficiently, such as its policies, procedures and supporting product documents. That is, they adopt the existing business strategy of the bank and focus Gen AI on use cases that help achieve the banks goals.

Community Bank 195

Community Bank Strategy Community Tools 195

Javelin Strategy & Research

FEBRUARY 21, 2018

The low point, by far, was when I was asked to answer this question as part of a dynamic knowledge-based authentication quiz based (presumably) on my credit report.

Knowledge Base 40

Knowledge Base Industry Report 40

PYMNTS

MARCH 27, 2020

FIs also use knowledge-based authentication (KBA), which involves quizzing applicants on credit history details that only they would know. Credit reports contain a trove of knowledge that can be used for KBA, including average mortgage payments, car license plate numbers and salary information.

Fraud 208

Fraud Technology Knowledge Base Study 208

Perficient

JUNE 10, 2020

Another approach is discussed in OneStream knowledge base article KB0010541 , which provides a method to create an XML file for one or more members. One approach would have been to delete each account one time. Obviously, that wasn’t appealing as it is time-consuming and can be prone to error.

Knowledge Base 332

Knowledge Base Tools Operations Data 332

Perficient

JANUARY 31, 2022

Customers that can choose their own method of MFA will typically do so based on their personal level of risk aversion, along with their comfort with and understanding of various technologies.

Security 294

Security Risk Management Knowledge Base Customer Experience 294

Perficient

OCTOBER 6, 2020

Automate common user interactions and answer questions from existing knowledge bases using natural language processing. Ingest and curate knowledge bases. Application assessments and workload review (as requested). Azure Self-Service Bot With Backend Integration Pilot. Unlock Existing Investments and Processes.

Strategy 429

Strategy Training Analysis Security 429

PYMNTS

APRIL 14, 2019

This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology. This project begins to bridge that gap and form a strong knowledge base of the technology among IMF and World Bank staff,” said a statement from the IMF.

cryptocurrency 197

cryptocurrency blockchain Knowledge Base Washington 197

PYMNTS

AUGUST 7, 2019

Temoshok pointed out two major ID security vulnerabilities that are still prevalent, the first of which is knowledge-based questions. “We We still see knowledge-based questions being used for authentication, as well as for identity proofing purposes.

Knowledge Base 118

Knowledge Base United States Security National 118

PYMNTS

AUGUST 8, 2019

And that fact — shared by Cognito CEO Alain Meier during a recent PYMNTS interview centered around changes in digital ID – serves to show the weakness of knowledge-based authentication. “We Meier said there is serious pressure to move further away from knowledge-based authentication methods and even Social Security numbers.

Security 147

Security Knowledge Base Online Fraud 147

Perficient

NOVEMBER 19, 2020

Many banks continue to use knowledge-based authentication and out-of-wallet questions, which have challenges when customers have recently moved. Customers who stop will lose their time and effort because the process cannot be started where it ended on mobile or other channels. Do you need to ask all the questions?

social media 309

social media Customer Experience Mobile Knowledge Base 309

American Banker

MARCH 24, 2016

But without a brilliant alternative, and done with care, knowledge-based authentication still has value. Asking for static information like a mother's maiden name seems increasingly passé, since shared "secrets" can be stolen or gleaned from the Internet.

Knowledge Base 28

Knowledge Base Cyber Security Security Technology 28

Perficient

MARCH 22, 2021

According to project requirements, L1 support analysts need to gather customer information and determine the issue by analyzing the symptoms, and they can handle incidents referring to the knowledge base for each respective project, technology, and application.

Analysis 294

Analysis System Groups Management 294

Abrigo

SEPTEMBER 25, 2014

Consider the knowledge base of your partners and staff when identifying a specialty. Or a firm''s longstanding relationship with a local builder leads to referrals that bring other construction companies into the practice. Do what you know.

social media 220

social media Knowledge Base Community Industry 220

BankInovation

MAY 6, 2022

And ironically, at one institution, fraudsters were able to pass knowledge-based question barriers 92% of the time, while actual customers correctly answered the questions only about […].

Knowledge Base 98

Knowledge Base Fraud Data Survey 98

BankInovation

NOVEMBER 10, 2021

The survey, conducted by biometrics security company authID.ai, also found that 38% of respondents are “highly concerned” with traditional approaches such as one-time passwords and knowledge-based authentication. […].

Survey 98

Survey Security Knowledge Base Conference 98

PYMNTS

DECEMBER 31, 2020

These approaches could even prove to be more secure than knowledge-based authentication (KBA) measures because information such as PINs can be stolen, while behavioral patterns are much harder to mimic. Understanding Customers.

Fraud 273

Fraud Strategy Security Cards 273

PYMNTS

AUGUST 21, 2020

This time around, the Fed/MIT efforts seek to expand the knowledge base being generated by those dozens of central bank CBDC programs across the globe — “so we’re part of a system to move the collective dialogue forward,” he said.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

PYMNTS

OCTOBER 16, 2020

A biometric-based authentication solution can provide a secure alternative to using passwords or knowledge-based authentication questions to keep customers’ accounts and their data secure,” Philipp Pointner, chief product officer at Jumio, told PYMNTS. “If

Security 189

Security Knowledge Base Customer Experience Retail 189

PYMNTS

DECEMBER 18, 2017

It’s another layer of our amazing stories we have about product development and sustainability … I think for us it really helped to depend that knowledge base for our guests.”. VR for IKEA is mostly still a marketing effort, though other brands are leveraging it more directly as a commerce tool.

Dallas 138

Dallas Knowledge Base US Tools 138

Perficient

JULY 23, 2020

He is hoping to personally broaden his experience to other technologies and create a knowledge base and skill set beyond just Adobe Experience Manager. At the same time, he wants to continue to work on building his knowledge of the full Adobe suite of products. And what is next for Paul?

Minneapolis 348

Minneapolis Leadership Minnesota Knowledge Base 348

BankInovation

DECEMBER 11, 2023

Challenger bank Dave launched its generative AI-driven chatbot last week and is exploring multiple uses of the technology. “DaveGPT is the next generation of our chatbot with a generative AI component that sits on top of our knowledge base, has access to our prior customer interactions and a bunch of customer-specific data,” Chief Financial Officer (..)

Knowledge Base 81

Knowledge Base Data Technology 81

Independent Banker

APRIL 30, 2022

Through ICBA LIVE, LEAD FWD, certification programs, webinars and a host of other knowledge-based activities, we don’t just show your teams how to be better bankers. We teach them.

Community Bank 171

Community Bank Community Knowledge Base Leadership 171

The Paypers

APRIL 25, 2022

Pindrop , a provider of voice technology, has released its annual Voice Intelligence & Security Report uncovering how companies might be accidentally inviting fraud, threat mongers from the dark web, and bad actors better prepared to pass authentication.

Knowledge Base 31

Knowledge Base Fraud Security Technology 31

PYMNTS

FEBRUARY 19, 2020

Knowledge-based authentication (KBA) tools, which include security questions and passwords, are still just as common as they were a decade ago. Even though technology continues to progress, and automation improves via the adoption of digital technologies, traditional identity verification tools are still widely used.

Knowledge Base 130

Knowledge Base Tools Technology Compliance 130

PYMNTS

JANUARY 29, 2018

It’s another layer of our amazing stories we have about product development and sustainability … I think for us it really helped to depend on that knowledge base for our guests.”. Last September, the Swedish furniture firm launched its new app , IKEA Place, to help customers virtually try before they buy.

Dallas 118

Dallas Knowledge Base Texas US 118

PYMNTS

MAY 16, 2019

CCAI and similar systems consist of four major components – contact center interface, virtual agent, agent assist and knowledge base – that work together to assist both the caller and the agent, while simultaneously collecting data about the call for future analysis. Securing the Knowledge Base.

Knowledge Base 100

Knowledge Base Fraud Security Software 100

PYMNTS

JULY 10, 2019

Many developers are leveraging biometrics to protect their customers, as such technologies provide safer alternatives to passwords and knowledge-based verification systems. Developments From Around the Digital Identity World.

Apple 158

Apple social media Knowledge Base Mobile 158

PYMNTS

SEPTEMBER 4, 2019

Knowledge-based authentication (KBA) methods like passwords and PINs may be fast, but they can also be hard to remember and cause friction, no longer meeting the security needs of the modern call center. Deep Dive: Call Centers Move Away From KBA With the Help of MFA.

Security 152

Security social media Tools Knowledge Base 152

PYMNTS

JANUARY 28, 2020

Issuers, in particular, are warned that traditional verification methods like knowledge-based authentication (KBA) are increasingly outmoded by sophisticated next-gen hackers. Widely used rules-based anti-fraud measures are also not the safe bet they were just a few years ago.

Compliance 151

Compliance cryptocurrency Fraud Regulation 151

PYMNTS

SEPTEMBER 12, 2019

The new program aims to expand the smart digital assistant’s knowledge base so it can better compete with the Google Assistant and Apple’s Siri. The company first revealed its plans for Alexa Answers late last year, describing it as an invite-only program that asks customers to submit answers to Alexa’s more difficult questions.

Google 108

Google Knowledge Base System Report 108

PYMNTS

MARCH 18, 2019

Once a person proves their identity through knowledge-based authentication powered by TransUnion TLOxp or photo ID authentication powered by Acuant, it is independently verified and then indexed for data integrity, adjudication and policy enforcement so that Authenticating can score and validate consumers.

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

MARCH 7, 2018

The company said its neural network searches the web constantly to understand its contents and to expand its knowledge base. Kngine builds mobile services that can understand and answer questions using a deep learning algorithm. BGR noted this new purchase is aimed at beefing up the company’s AI mobile efforts.

Samsung 101

Samsung Knowledge Base Google Software 101

South State Correspondent

OCTOBER 10, 2022

Price interest-earning products more knowledgeably based on a RAROC model. Reward loan officers, branch managers, and regional leaders based on margin contribution versus volume or revenue production. Conclusion.

Community Bank 195

Community Bank Community Examples Management 195

Abrigo

MAY 19, 2017

By giving staff more responsibilities and the equipment to be successful, the credit union grows its own knowledge base as well. The investment in internal credit analysis processes also shows dedication by credit union management to staff development.

Lending 150

Lending Analysis Knowledge Base System 150

PYMNTS

JUNE 11, 2020

The state’s legislature determined that digital identity proofing for notaries requires “a third party [affirming] the identity of an individual through public or proprietary data sources,” including knowledge-based authentication (question and answer systems) or biometric verification.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

AUGUST 22, 2018

In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud. Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. They use a five-digit code via text or email that is valid only during the call.

Fraud 101

Fraud social media Knowledge Base Cards 101