Authentication

Readers this week highlighted the need for banks to upgrade payments systems, debated a small bank’s decision to ditch its legacy core vendor, lamented populist initiatives of the GSEs, and more.

Enabling peers to compare notes will help ID management specialists at regional, midtier banks who face the same requirements as large banks but command smaller operating budgets, IDPro’s founder says.

The most innovative projects shared at Digital Banking 2017 involve embedding banking in popular devices and apps like Facebook Messenger and Amazon Echo.

Some banks seek to dominate the digital-identity business, but they stand to benefit even if their efforts fall short.

In the near future, branch authentication will likely rely more on things like iris scans and palm readers than physical ID cards.

The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.

USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.

The human voice changes more quickly than you’d think, and this has to be taken into account by voice-recognition systems.

Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.