With increasing diversity in the banking customers’ age groups, needs, values, priorities and perspectives, banks interact with several ‘generations’ of customers. Multigeneration banking evolved from
Providing a Frictionless and Secure Customer Journey in PSD2
European leaders have long identified that the future of the financial services lies in the co-existence of the conventional banks with emerging fintech. However, to
Today, in India, when a customer discovers and reports fraud in his account through the use of ATM, Internet Banking or Mobile Banking, customer is liable for the full funds lost. As of Feb 2011, Indian Banking industry has 70,462 ATMs and 5,65,542 POS terminals. The value of debit card POS transaction from Mar 2010-Feb 2011 was 75,326 crores and the value of debit card ATM transaction during the same period was 10,90,053 crores. The size of credit card POS transaction was 75,328 crores. (Source: RBI). Given this huge volumes of electronic transactions in India banking, the value at risk for banks would be humungous when the customer zero liability protection policy gets introduced. It’s high time the banks secure their electronic channels with adequate measures to monitor, detect and prevent fraud in real-time. Read on..
If you have ever shopped on Amazon.com or ordered a movie on Netflix, you most likely have experienced “Predictive Analytics”. The accuracy and the speed
Asia’s Growing Financial Crime – Shielding from the Growing Threat
‘Attempted heist of $1 billion by unidentified hackers’ the shot rang out across the financial world which experienced first-hand the tremors of cybercrime. The yet
Are banks using customers’ ‘Situational Intelligence’ for effective real-time fraud protection?
How can you make your bank’s customers control transactions on their accounts and use it as an effective fraud protection mechanism? Customer communication and preferences
Defending Against Financial Crime in MENA: Insights & Recommendations
Alarming revelations on money laundering and banking frauds have emerged in recent reports by Deloitte, Thomson Reuters and PwC, who comprehensively surveyed MENA (Middle East
Our new series of thrillers – produced and directed by CustomerXPs and Banking Technology – narrate the tales of the fight between the forces of good (the Clari5 analytics and anti-fraud software) and the forces of evil. Based on real events and guaranteed to keep you on the edge of your seat!
Read how the theoretical concept of ‘the segment of 1’ can be practically applied in real-time for fighting fraud as well as maximizing customer revenues
Countering Card Fraud: Is Chip & Pin Technology Enough?
EuroPay, MasterCard and Visa (EMV) is a technical standard developed to ensure more secure Point-Of-Sale (POS) transactions. EMV allows non-static information to be transferred between
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