In 2019, a fantastic customer experience is arguably the biggest factor driving business growth. But if that’s the case, outdated, clunky, technology tools and solutions are one of the greatest hindrances. Particularly when considering digital banking security.
Like any organization in the midst of digital transformation, corporate treasury departments are seeing a rise in cybercrime, including payment fraud, social engineering, and account takeover attacks.
Countless articles have been written about the techniques cybercriminals use to harvest personal information and about ways to prevent online identity theft. However, less attention has been given to the economic engines that grease the wheels of financial cybercrime. Fraudsters have realized that the dark web provides a full cloak of anonymity, creating fertile ground for new darknet markets to surface and a strong incentive for criminals to launch cunning cyberattacks.
There’s no question about it, the future of banking and payments is mobile. But there’s a major barrier to mobile banking reaching its full potential.
Identity, biometrics, and authentication took center stage at the world's largest payments & financial services innovation event
Last week (26-28 June 2017), Europe’s largest and most reputable fintech/payments event was held in Copenhagen, Denmark. With more than 70 sessions and workshops, over 4000 industry professionals from all over the world assembled to do business, scout for new technologies and deliberate on the rapidly-changing landscape of payments and fintech.