Tackling Data Breaches and Account Opening Fraud in one
In the ongoing challenge to protect data and fight fraud, few organisations make the connection between data breaches and account takeover fraud.
According to Risk Based Security research, published in the 2019 MidYear QuickView Data Breach Report, the first six months of 2019 have exposed an incredible 4.1 billion records through 3,800 publicly disclosed breaches.
Organisations are tasked and engaged with GDPR, KYC, AML and PSD2 compliance, but are not necessarily joining up the dots to be more efficient in their approach.
Account opening fraud needs to be tackled with preventative action. And data breaches must be curbed to reduce vulnerabilities and exposures, to protect the account opening process.
Technology is the key, and the very latest in biometric and digital identification is required. Given the paragon of communication that the mobile has come to be, an identity and verification solution on the mobile is the key to success here. And a tight, fraud-proof solution means a better onboarding experience leading to higher retention rates and more satisfied customers.
Join this webinar to hear experts discuss:
- The correlation between data breaches and account opening fraud
- How to utilise the latest technology for a fool-proof identity and verification solution
- The wider benefits of implementing a seamless and secure onboarding process
- Gary Wright - Head of Research, Finextra [Moderator]
- Simon Winchester - Managing Director, Jumio
- Richard Dupree - Senior Vice President, Group Operational Risk, Bank of the West
- Daan van den Eshof - Product Manager and eBusiness, Rabobank
RecordedApr 8 202056 mins
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O ecossistema fintech do Brasil está ganhando grande crescimento e maturidade e com a introdução de iniciativas regulatórias de banco aberto os bancos precisam reconsiderar suas estratégias de distribuição de produtos para aproveitar ao máximo as novas oportunidades de criação de valor decorrentes de parcerias estratégicas com as Fintechs.
Os bancos com visão de futuro devem adotar o Open Banking, gerenciar com eficiência os laboratórios Fintech e Startup e modernizar o modelo de negócios.
Este fórum fornecerá uma oportunidade única de interagir com profissionais do setor, examinar as melhores práticas na adoção de APIs abertas bem como prevalecer isto na era do Open Banking.
O Fórum Virtual Brasileiro de Open Banking & Instant Payments permitirá que você enfrente os principais desafios e oportunidades nas áreas de Open Banking, Transformação Digital e Instant Payments na região, tudo no conforto do seu escritório em casa.
Haverão 15 sessões; incluindo palestras, estudos de caso e painéis de discussão, baixe toneladas de ativos e literatura em sua bolsa digital, faça perguntas em tempo real, mantenha vínculos de rede no lounge virtual e testemunhe soluções inovadoras no salão de exposição virtual.
Today's KYC landscape and how banks are leading the way with digitisation and customer experience.
This session with InfoTrack, Nationwide and Jumio will discuss how to:
- Prepare against current challenges organisations face regarding KYC and 5th AML Directive
- Get ready for the upcoming 6th AML Directive
- Address technology concerns common to traditional KYC processes and how Banks have addressed these challenges
- Deploy a successful eKYC strategy
Nicholas P. Vitalari, Strategist - Quantum Materials, Rick Triola, CEO - NotaryCam, Samantha Larson, Jumio
Digital Transformation has been an ongoing strategic venture for a number of traditional industries like Banking and Financial Services, as well as new emerging markets such as Shared Services including Mobility, Accommodation. But with huge parts of the world in complete lockdown for a large part of 2020, other industries and services who previously did not necessarily need a digital transformation strategy have had to rethink their online approach.
In this webinar you’ll learn:
- How have these industries and services began their digital transformation journey in the era of COVID-19
- How the pandemic has accelerated the need and importance of ensuring a user is who they say they are when signing up for a product or service
- What does the future look like for these markets post COVID
Ricky Lee, CEO - Sync Money; Matthew Tataryn, Head of Financial Crime - Tide; Gordon Harrison, Head of Sales - Jumio
A discussion between Tide, Sync Money and Jumio on emerging technologies on the horizon. The proliferation of technology has continued to accelerate. New solutions can go from bleeding edge innovation through testing and adoption in mere months. But, as we stand at the beginning of another decade, what technologies are yet to appear? What technologies will fizzle out and which technologies are yet to reach their full potential? Sync Money, Tide and Jumio discuss the technologies on the horizon and how traditional banks, challenger banks and disruptor companies are utilising the tools.
Featuring Ricky Lee, CEO/Founder at Sync Money; Matthew Tataryn, Head of Financial Crime at Tide and Gordon Harrison, Head of Sales EMEA at Jumio Corporation.
Philipp Pointner, CPO - Jumio; Lisa Lechner, CCO - Mercari Inc, Lana Schwartzman, CCO - Paxful, Dean Nicolls, Jumio
In the world of identity proofing, there are data-centric approaches and there are ID-centric approaches. Data-centric approaches rely on static data (e.g., a person’s self-reported name, address and Social Security number) and this information is corroborated against a third-party database to “verify” a person’s real-world identity. Unfortunately, these methods are no longer reliable thanks to recent data breaches, the dark web and social engineering where fraudsters can access PII data and impersonate legitimate consumers.
Document-centric approaches, on the other hand, rely on consumers remotely submitting pictures of government-issued ID documents, such as a passport or driver's license, along with a corroborating selfie, to verify their digital identity. But, it really does not need to be an either/or scenario. In this panel discussion, you’ll learn:
- The pros and cons of data-centric identity proofing methods
- The pros and cons of document-centric approaches
- How to combine these approaches to save money and increase identity assurance
- How a real-world customer took a hybrid approach to identity proofing
Dean Nicolls - Jumio; Robert Evans, Founder/CEO - FINTRAIL; Neil O'Brien, former SVP Director Digital Banking Santander
It’s pretty clear that COVID-19 caught most banks and financial institutions flat-footed. Over the last several months, Financial Institutions have been scrambling to digitize their operations. In fact, some are probably moving too fast in their haste and making mistakes that could cost their institutions down the road. Others are still overly reliant on branch offices and require consumers to visit a branch to finish transactions that were initiated online. Now’s the time to go fully digital, but to do so prudently.
In this moderated discussion, you’ll learn:
- The challenges of going 100% digital
- How customer onboarding, both in-branch and online, are changing in the COVID-19 era
- 5 best practices to streamline and automate KYC/AML compliance
- How financial crime is evolving as more and more banks go digital
- Proven methods to protect new and existing banking accounts
Frederic Ho, Jumio; Keira Kwek, Head of FCC and DPO – Wirex; Michael P Magbanua, VP Head of Ops - UnionBank of Philippines
Online customer acquisition is critical for financial institutions and fintech companies of any age and size to thrive in this competitive digital economy. Today, consumers are expecting frictionless and faster access to digital transactions while also demanding security and data privacy. Join our panel of experts to learn more about:
- The myths and misconceptions about eKYC
- Key strategies and best practices in designing a more localised and customer-centric digital onboarding journey
- How organizations can effectively balance security, user experience and compliance with regulatory requirements
Todd Schweitzer, CEO and Founder, Brankas
- Frederic Ho, VP of APAC, Jumio
- Keira Kwek, Head of FCC and DPO (APAC), Wirex
- Michael P. Magbanua, First VP, Group Head of Operations and Shared Services, UnionBank of the Philippines"
You can pay for groceries and get money out of an ATM with your face. As fintech is enabling a more customer-friendly experience on mobile devices, security hangs in the balance. It is easy to make a transaction, but what are the real steps involved? This webinar will showcase the complex technology and will help financial services companies understand the work that goes on behind the scenes to make some simple and easy processes actually happen.
Join this panel to learn about:
- Why biometrics are becoming easier to employ in identity verification
- The challenges that fintechs face in creating a seamless user experience - even if you're wearing a face mask
- the nuts and bolts behind complex technology that solves identity fraud
Reinhard Hochrieser, VP, Global Product Management, Jumio
Sujata Dasgupta, Global Practice Head – Financial Crimes Compliance, Tata Consultancy Services
Rachel McLaughlin, FinTech/RegTech Industry Consultant
In this webinar, Labhesh Patel, Jumio's CTO and Chief Scientist outlines the critical differences between artificial intelligence and augmented intelligence – and what this could mean for enterprises in action.
Dr Estelle Brack, KiraliT | Michael Robinson, Genpact | Labhesh Patel, Jumio | Clive Elleforde, Sovran
The banking & payments industry relies heavily on data. From marketing and CRM to internal processes and regulatory compliance, working with data properly can mean the difference between success in failure. But with so much data to work with, and limited time to work to deliver value, human error can result in massive fines, and a loss of customers. AI and Machine Learning are becoming increasingly valuable in keeping financial services operating smoothly and protecting their customers. Join this panel to learn about:
- How AI can help banks learn about & implement new regulations.
- How to ensure regulatory filings are correct and done on time.
- How Machine Learning can help reduce fraud and personalize marketing.
- And more!
Panel moderated by:
Dr Estelle Brack, Founder & Chairman, KiraliT
Michael Robinson, Vice President, Insurance UK & EU, Genpact
Labhesh Patel, Chief Technology Officer and Chief Scientist, Jumio
Clive Elleforde, Chief Revenue Officer, Sovran
À medida que mais e mais empresas evoluem para oferecer suporte a uma experiência digital completa, uma pergunta muito básica deve ser feita: Como podemos confiar verdadeiramente em conhecer nossos clientes?
No mundo das violações de dados e do roubo de identidade, as formas e métodos antigos de prova e autenticação de identidade não oferecem um alto nível de confiança ou garantia de que o usuário digital é quem ele realmente afirma ser. Novas tecnologias e abordagens baseadas em biometria são necessárias para estabelecer mais definitivamente a identidade digital de um cliente e detectar atores ruins com mais precisão.
Durante esta sessão informativa de 20 minutos, Arnaldo Thomaz Neto, gerente nacional da Jumio no Brasil, explora como a verificação e autenticação de identidade baseada em biometria podem otimizar a experiência on-line, detectar melhor as fraudes on-line e atender a requisitos regulamentares rigorosos de KYC e AML.
Alex Hilton - Cloud Industry Forum | Chris Ibbitson - HPE | Gordon Harrison - Jumio | Jaime Dal Porto - Yubico
Digital Transformation in Financial Services' time has arrived, says IBS Intelligence. According to Finextra, ‘COVID-19 is likely to spur a widespread and systematic revamping of high-impact digital journeys in the banking sector, such as customer onboarding and product origination, to deliver a truly outstanding digital experience to their customers.’
Join episode 10 of Digital Transformation in Action where we examine this revamping and see how Digital Transformation in banking has evolved to meet new concerns and customer needs. Alex Hilton and guests will be looking at:
- How Digital Transformation can help banks find new revenue streams, particularly in the era of Open Banking
- How emerging technologies such as AI and machine learning can control and reduce costs
- How - as the number of transactions and applications increase - Digital Transformation is helping banks and financial service companies embrace strong authentication, including passwordless
- Use cases of how DX projects have lead to significantly improved customer experience
Alex Hilton - CEO, Cloud Industry Forum
Jaime Dal Porto - Head of Services, Yubico
Gordon Harrison - Head of Sales, EMEA, Jumio
Chris Ibbitson - Chief Technologist, Financial Services Industry, HPE
ID verification – which involves scanning a user’s government-issued ID to ensure it has not been digitally manipulated – provides a strong trust anchor for online businesses. But it fails to assure that the user holding the ID is in fact who they say they are.
In this webinar, we help build your case for going beyond ID verification to verify the identity of your users. Online identity verification involves both an ID scan and a corroborating selfie to ensure that the person holding the ID is the same person shown in the ID photo and that they are physically present during the transaction.
As more and more businesses evolve to support a complete digital experience, a very basic question must be asked: How can I truly trust I know my customer?
In the world of data breaches and identity theft, the old ways of identity proofing and authentication do not deliver a high level of confidence or assurance that the digital user is who they claim to be. New biometric-based technologies and approaches are needed to more definitively establish a customer's digital identity and detect bad actors more accurately.
During this informative 20-minute session, Frederic Ho, Jumio's VP of APAC explores how biometric-based identity verification and authentication can streamline the onboaridng experience, better detect online fraud, and meet string KYC and AML regulatory requirements.
Robert Evans - Fintrail & Claire Galbois-Alcaix - Jumio
The recent shift towards digitisation has pushed businesses to review their KYC processes, and implement new strategies to protect their customers online.
In this podcast, Robert Evans from Fintrail and Claire Galbois-Alcaix at Jumio will discuss:
- The impact of digitisation on businesses and their customers
- The latest risks and compliance challenges
- How to implement a successful eKYC
- Tech innovations that help organisations keep their customers engaged
- Changes to the regulatory landscape and the future of eKYC
As people spend more time online, they leave a digital trail of information that can be used against them if put in the wrong hands. The convergence of online and offline has opened up entire new pathways for fraudsters, money launderers, and identity thieves to assume another person’s identity.
KYC (Know Your Customer) refers to the process of verifying the identity of your customers, either before or during the time when they start doing business with your organisation. With eKYC, businesses are able to perform identity verification and due diligence electronically, but must ensure they have the correct end-to-end identity verification strategies in place.
Rob and Claire will share tips and best practices organisations can follow to simplify their eKYC.
Now more than ever, it is important to establish trust remotely. Traditional methods of identity verification (aka identity proofing) such as knowledge-based verification, credit-bureau pings and database solutions are no longer all that reliable for establishing a high level of identity assurance thanks to large data breaches and cybercriminals. Online identity verification using a government issued ID and a corroborating selfie delivers a more reliable and intuitive user experience.
In this webinar, you'll learn:
* What's fueling the growth of online fraud
* eKYC options and their level of identity assurance
* 10 best practices for fighting fraud and reducing abandonment rates
Nos dias de hoje, tornar a vida do seu cliente mais fácil, ágil e segura, é fundamental na captura e manutenção destes clientes. Torna-se imprescindível que o processo de onboarding digital seja descomplicado, e ao mesmo tempo extremamente seguro e eficaz no combate a fraude. Nós da Jumio asseguramos isso aos nossos clientes.
Claudia Bate, FleishmanHillard Fishburn | Philipp Pointner, Jumio
COVID-19 is testing fintech. With the accelerated adoption of digital technologies, the resulting user growth challenges platforms and increases the chances of vulnerabilities in the systems, which has an effect on customer security. What can fintechs do to ensure client onboarding is swift yet safe and effective?
This webinar will discuss:
- the measures fintechs can put in place to ensure their systems are effective and customer privacy is not sacrificed.
- How to balance onboarding and risk monitoring.
- Advances in AI and Machine learning that underpin identity verification
Johan Fantenberg - ForgeRock, Frederic Ho - Jumio, Ajay Biyani (Moderator)
Please join Forgerock and Jumio for our upcoming fireside chat entitled Digitalize your Business without Compromising Customer Experience, where we will discuss how organizations are being forced to digitize their business model to build a consumer-first digital framework to drive customer acquisition and retention - or risk disappearing!
Convenience, security, and compliance for user journeys are critical to further accelerate digital transformation. Digital ecosystems need to be able to capture the minds of your customers at speed, scale, frictionless without compromising the customer experience.
Some of the topics the panel we will discuss include:
- Core principles for designing a solid digital foundation for customer retention and acquisition
- Digital on-boarding core strategies and principles
- Data protection benchmarking and best practices
- Balancing processes vs delighting customers
- Digital on-boarding use cases
ID and Identity Management - KYC for Global Enterprises
When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core pillars of ID Verification, Identity Verification and Document Verification, businesses now have a complete solution that allows them to establish the real-world identity of the consumer.
Leveraging advanced technology including augmented AI, biometric facial recognition, machine learning and human review, Jumio helps organizations to meet regulatory compliance including KYC, AML and GDPR and definitively establish the digital identity of their customers. Jumio has verified more than 200 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in financial services, sharing economy, cryptocurrency, retail, travel and online gaming. For more information visit www.jumio.com.
Tackling Data Breaches and Account Opening Fraud in oneGary Wright - Head of Research, Finextra [Moderator] Simon Winchester - Managing Director, Jumio Richard Dupree - Senior Vice[[ webcastStartDate * 1000 | amDateFormat: 'MMM D YYYY h:mm a' ]]56 mins