By Hal Granoff
According to Aite Group, account takeover (ATO) is the most common type of fraud occurring in digital channels. The analyst firm reports that 68% of surveyed financial institutions (FIs) report this as the number one threat they are...
By Shirley Inscoe, Sr. Analyst at Aite Group
In this age of unending data breaches, it is not surprising that identity crimes are the biggest fraud challenges facing financial institutions (FIs). In early April alone, Saks, Lord & Taylor and Panera...
Raise your hand if you’ve heard of the Faster Payments movement! If you’re in the payments industry, it’s a good guess you’ve not only heard of it, but are actively preparing your organization for the second and third phases of the National Automated...
The right outfit. A firm handshake. A beaming smile. In life, first impressions matter. While studies don’t agree on the exact number, you have roughly 30 seconds to impress someone you’ve just met. You may have a little more than a few seconds in...
In recent years, application fraud has become a major problem for U.S. financial institutions (FIs). In 2017, Aite Group recognized application fraud as the second-greatest challenge FIs face in combatting fraud, trailing only account takeover fraud;...
You only have one chance at a first impression - how seamless is your new account onboarding experience in preventing fraud while enhancing the customer experience?
According to Aite Group, “application fraud continues to be a significant problem for financial institutions across the U.S.” Undoubtedly, the continued prevalence of identity crimes is only exasperating the problem.
Between data breaches, phishing...
