Traditional loan metrics often leave out individuals with low credit scores who are otherwise financially sound, but behavioral analytics can give lenders a better idea of whether they are truly capable of making good on their payments. In the Monetizing Digital Intent Tracker, OppFi CEO...
Consumers understand that identity needs to be verified as part of any interaction with a financial system, whether due to regulatory compliance, business needs or part of the ongoing battle against fraudsters. But as Yossi Zekri, CEO of Acuant, told Karen Webster: “Consumers should be...
Fraud hit record highs over the past year amid unprecedented digital engagement, with each online interaction giving bad actors an opportunity to impersonate legitimate customers and access their personal funds or valuable data. The Federal Trade Commission (FTC) received more than 2.2 million reports of...
With news out this past week that the U.K.’s Financial Conduct Authority (FCA) has issued its second delay of PSD2’s implementation in six months — this time until March 2022 — fresh calls are being made for interoperability and standards to ensure that the swift...
Machine learning (ML) can help digital banks do much of the heavy lifting during customer onboarding — especially if applicants have common names. In the Digital Onboarding Tracker, OakNorth's Sean Hunter explains how ML-based systems can help banks cross-reference legitimate applicants’ data to avoid confusing...
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Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
In the digital age, how we move, tap and swipe can give financial institutions (FIs) the clues of the personalities behind the screen. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Federated identity management is the technical term behind what we commonly call “single sign-on” or SSO, where one set of web credentials unlocks multiple ecosystems and platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
