Matthias Valcke

Finding the best fraud detection and prevention solution for your organization can be challenging. Requirements from internal stakeholders and vendor fact sheets can give an overwhelming impression that your solution needs to have it all and then some. In reality, your choice should simply tick all the boxes on your must-have list and cover your business use cases. It should… Read more


Julie Conroy

When it comes to fraud, financial institutions (FIs) find themselves trying to address competing priorities. On the one hand, the need for strong authentication and security continues to rise. Fraud and hacking attempts become more sophisticated each year, and new laws and regulations require stronger customer authentication security – potentially adding more friction to the customer experience. However, consumers have… Read more


selfie

The Economic Growth, Regulatory Relief, and Consumer Protection Act was just signed into law by President Trump.  Also known as the Dodd-Frank Repeal, the new law removes many of the regulations imposed on banks after the financial crisis and the Great Recession of the late 2000s.  As with most laws, the Act includes numerous provisions. Among these is Section 213,… Read more


Online Banking

This blog was inspired by an article by Frederik Mennes that first appeared on Techzine. In recent years, open banking has received a lot of attention in the financial services sector. Open banking means that banks open their systems to authorized third-party financial service providers, so these companies can initiate and process payments and financial transactions at the request of… Read more


Digital Encryption

The following article, authored by Michael Magrath, Director, Global Regulations & Standards, first appeared 4/13/18 on CSO Online. Seven years ago, the Obama Administration published the National Strategy for Trusted Identities in Cyberspace (NSTIC).  NSTIC called for an Identity Ecosystem, “an online environment where individuals and organizations will be able to trust each other because they follow agreed upon standards… Read more


mobile

This blog is based on an article authored by David Vergara, Director of Security Product Marketing, VASCO, that first appeared 2/21/2018 in Credit Union Times. As part of a secure and seamless mobile first strategy, banks, credit unions, and other financial institutions must rethink the customer journey. Financial institutions strategically aim for customers to do more with mobile while minimizing… Read more


Capture GDPR Consent and Sign GDPR Contracts with E-Signatures

On May 25, 2018, the General Data Protection Regulation (GDPR) becomes the main legal framework for data protection in the EU. Under the GDPR, EU citizens must consent to the processing of their personal data – and data controllers must meet strict requirements for capturing that consent. In fact, the conditions to obtain consent have been fundamentally redefined compared to… Read more


Mobile App Shielding

We regularly host webcasts on topics such as mobile app shielding, fraud, authentication, RASP and risk analysis to provide guidance on how to protect your customers and data. If you missed our latest webcast, Delivering Trust Through Mobile App Shielding and Hardening, here is the 5-minute summary. The full presentation is available on-demand. As mobile devices and apps proliferate, organizations are increasingly… Read more


Frederik Mennes

One of the most discussed requirements of the final Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC) under PSD2 is the requirement to perform so-called “dynamic linking” to authenticate a financial transaction. The dynamic linking requirement has three parts. First, it requires a payer to authenticate a financial transaction by calculating an authentication… Read more


Mobile Banking

The mobile channel doesn’t grow itself. It requires a strategy, a team committed to execution, and constant care and grooming. As financial services organizations embark on mobile-first initiatives or offer more and more mobile services to their customers, they prioritize three goals:   1. Optimize both user convenience and security 2. Stay ahead of the curve on mobile security and… Read more