Identity verification

'Everything is breakable': Why BBVA wants to ditch passwords


The bank is investing in a new authentication platform because password-based security systems have too many weaknesses, says Juan Francisco Losa, BBVA’s global head of security architecture.


More regulation's needed to protect biometrics


The current climate is akin to the Wild West, with little protection for the consumer, and new regulations are needed if the technology is to continue to expand in a safe and sustainable way, argues Mitek's Stephen Ritter.


Expect 'a lot more dismantling': A fintech entrepreneur's vision for 2020


Jason Gardner, founder and CEO of the card issuer Marqeta, discusses his experiences in starting up multiple fintechs and makes predictions for the new year.


Congress needs to hurry up on data protection


Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.


Stop marketing to women and start designing for them


Companies are turning off prospective customers and employees with misguided approaches.


Fake ID fraud is declining, but small lenders are still vulnerable


Though synthetic identity fraud is down across the industry, there's been an uptake in such attacks targeting credit unions.


Data aggregators push back against notion they have a fraud problem


Fincen and others say third parties are proving to be treasure chests for crooks who create synthetic identities, but aggregators argue they help detect risk banks can’t see.


N.Y. regulator voices objections to CFPB's debt collection plan


Linda Lacewell, New York’s superintendent of financial services, said the CFPB's debt collection proposal does not go far enough to protect consumers.


Digital IDs: The next financial services frontier?


The idea of a common digital identity for consumers has become more compelling amid the digitalization of the world's economy. Many bank and credit union executives consider it a natural fit, one the industry should be prepared to lead on.


Safeguard data on kids, reap customer retention rewards


Banks have to do a better job of protecting personal information about their customers' children.