Authentication

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

With such massive amounts of data bolstered by ubiquitous modes of distribution, the most meaningful fintech investment opportunities center around enabling a new truth equilibrium.

3DS 2.0 is designed to vastly improve cardholder authentication, and in so doing, improve the digital checkout and payment process.

One-time passcodes or more complex passwords are not enough, and add friction and potential frustration for the user. The solution is mobile identity authentication, writes Randy Vanderhoof, executive director of the Secure Technology Alliance.

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

False IDs are complex and difficult to spot. A combination of biometrics and other advanced security tecnology is needed.

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.