Banks risk losing customers with anti-fraud practices
Many banks across the U.S. and Canada are failing to meet their customers’ online identity fraud and digital banking needs, according to a survey from FICO. Despite COVID-19 …
Less than a quarter of Americans use a password manager
A large percentage of Americans currently do not take the necessary steps to protect their passwords and logins online, FICO reveals. As consumers reliance on online services …
More authentication and identity tech needed with fraud expected to increase
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …
Only one quarter of retail banks have adopted an integrated approach to financial crime systems
Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading …
Banks continue to prioritize risk management over customer convenience
Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are …
