We entrust tech firms with vast amounts of information about our daily lives, with an expectation that they will safeguard it. But have we become too casual in the trust we place with them in exchange for more personalized experience and convenience? ... Read full article
The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach. ... Read full article
OnlyID, a joint offering from FIS and Equifax, is meant to become consumers’ single sign-on for bank and retail websites and apps. Longstanding relationships may give it a better shot at achieving network effect than previous attempts. ... Read full article
Like many financial companies, the brokerage wants to go where customers are. Since that means communicating with them via a third-party platform, it is working through privacy and security issues. ... Read full article
JPMorgan CEO Dimon says banks are putting Silicon Valley to shame … in terms of diversity; Uber’s plan to replace its CEO with a woman seems to be sputtering; and Yellen’s potential successors also are all men. ... Read full article
Do customers want to log in to mobile banking by snapping a picture of their eye? Bank of America will spend the next six weeks finding out. ... Read full article
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. ... Read full article
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. ... Read full article
The most innovative projects shared at Digital Banking 2017 involve embedding banking in popular devices and apps like Facebook Messenger and Amazon Echo. ... Read full article
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. ... Read full article
Some banks seek to dominate the digital-identity business, but they stand to benefit even if their efforts fall short. ... Read full article
In the near future, branch authentication will likely rely more on things like iris scans and palm readers than physical ID cards. ... Read full article
The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs. ... Read full article
USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products. ... Read full article
The human voice changes more quickly than you’d think, and this has to be taken into account by voice-recognition systems. ... Read full article
Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes. ... Read full article
The delay has analysts worried that Customers Bancorp will also postpone the sale of BankMobile, which was slated to take place during the first quarter. ... Read full article
The U.S. government and banks face similar challenges in implementing a biometrics identity system. Both should study what other countries are already doing. ... Read full article
The Trump travel ban calls for a new biometrics system to track all travelers to the U.S. It could follow the examples set by Canada, India and Estonia. ... Read full article
The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task. ... Read full article
