Sometimes an idea is ahead of its time. Many of the most ambitious products in fintech were dismissed as absurd or over-ambitious at the time — only to feel perfectly normal years later as culture and consumer habits evolved. ... Read full article
The best solution to the current broken identity system is to flip the authentication process from third parties to the users themselves. ... Read full article
It's not just Equifax that needs to worry. The incident can and should be a turning point for the financial services industry that it needs to end its reliance on static personal identifiers like Social Security numbers and birth dates. ... 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
West Milton State Bank uses biometrics for employees to log into workstations, saying it is quicker and more secure than passwords. ... Read full article
The username and password are dying. Only biometrics can unify the age-old opposing forces of user experience and digital security in replacing an antiquated method. ... Read full article
Researchers continue to prove that they can beat biometrics. However, the authentication method is still far superior to knowledge-based questions so long as banks also deploy other standard security practices. ... Read full article
Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting. ... 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
Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too. ... 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
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
HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues. ... Read full article
Some vendors have begun offering authentication platforms through which biometrics and other authentication tools can be plugged into any or all channels. TD Bank is sold on this concept, but others are not completely sure. ... Read full article
