Convenience and trust are the principal catalysts of consumer behavior and brand choice in banking. Many consumers are “cross-device” users who leverage numerous devices to access financial services accounts according to their in-the-moment needs. These consumers have high expectations for their digital experiences, and...
Authentication provider LoginID has formed a partnership with NFT PRO, a company that makes tools to create, manage and distribute non-fungible tokens (NFTs). “The partnership will include the integration of LoginID’s SDKs for developers, the simplest tool for integration of the FIDO2 strong authentication standard,”...
Digital fraud prevention firm Sift has acquired Keyless, a company that provides passwordless and multi-factor authentication. “Keyless’ zero-knowledge cryptography and privacy-preserving biometric authentication technology eliminates account takeover (ATO) fraud due to weak or stolen passwords, phishing, and credential reuse, while allowing users to log into...
It's tough for online businesses to tell good clients from bad during account opening, but artificial intelligence (AI) and behavioral analytics can eliminate some of the guesswork, says Kostas Noreika, co-founder of FinTech firm Paysera. In the Monetizing Digital Intent Tracker, Noreika discusses how the...
In response to the increasing severity of cyberattacks during the pandemic, IT departments incorporated stronger security processes and customer verification methods into cybersecurity defense systems. Incorporating these extra precautions was important, as 35% of companies said digital processes resulted in fraudulent user profiles, and 38%...
Consumers were quick to develop new shopping habits in the wake of pandemic restrictions and closures this past year, with eCommerce sales in 2020 growing by 32% year over year in the U.S. alone. Merchants and their customers swiftly realized the conveniences of conducting transactions online, but they...
Global identity verification company Trulioo is inviting businesses to compare their current solutions against its global know your customer (KYC) match engine, Trulioo GlobalGateway. On Monday (Nov. 8), the firm announced its GlobalGateway Match Rate Challenge in a bid to motivate companies to compare onboarding...
Businesses worldwide enhanced their digital platforms to meet the needs of health-conscious consumers during the pandemic. As a result, the number of online profiles increased, and many consumers plan to keep conducting transactions digitally in some capacity. With the massive digital expansion, however, fraud attacks...
Restaurants and supermarkets are under pressure to deliver food quickly, making it essential to have accurate, real-time online fraud filters and payment security tools to verify customers’ identities and keep bad actors out. The October Digital Identity Tracker® explores how players in the restaurant and supermarket space...
