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10 Questions Banks Should Ask About Their Digital Account-Opening Capabilities

Perficient

Many banks continue to use knowledge-based authentication and out-of-wallet questions, which have challenges when customers have recently moved. What information is easily obtainable via social media, making it less useful for KYC and security purposes? Do you need to ask all the questions?

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3 Steps to Becoming the Steve Jobs of Accounting

Abrigo

Each of these individuals, and their companies, are celebrated as changing the face of the technology. Zuckerberg stuck to social media, and Facebook now has more than 1 billion active users each month. Consider the knowledge base of your partners and staff when identifying a specialty. Do what you know.

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How TD Bank Uses Voiceprints To Personalize — And Secure — Call Center Interactions

PYMNTS

Artificial intelligence (AI) remains one of the most interesting technologies to call centers that are looking to better support and engage customers across their many channels. Call center technology providers are relying on AI-enabled tools to make sure call centers can match changing customer preferences.

Security 152
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Facebook’s Libra And The Future Of Digital Identity

PYMNTS

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. Facebook’s Libra Raises Concerns Among Privacy And Security Advocates.

Apple 158
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TD Bank On How AI, MFA Are Changing Call Centers

PYMNTS

Seventeen percent of call centers are looking to replace knowledge-based authentication (KBA) with multi-factor authentication (MFA) to better protect customers from scheming fraudsters, and though that may not seem like a high percentage, it is double the number of centers that were looking at such methods in 2018.

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Fiserv Rolls Out Enhanced Consumer Authentication Solutions

PYMNTS

Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.

Fraud 101
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Identify Proofing’s Break With Fraud’s Tradition

PYMNTS

Put another way, and to paraphrase a hockey great: When it comes to identity verification and the technology that comes with it, FIs need to skate where the technology is headed, not where it has been. You are in the technology business, and you, more than anybody else, should understand that evolution is constant,” Barnhardt said.