Featuring Andy Schmidt, Principal Executive Advisor
Knowing your customer is key to driving a successful strategy for client security and retention. Watch this video to get a picture of how KYC can be deployed for risk minimization, work with compliance, and make security measures more frictionless using cutting edge technology.
Financial institutions seeking to attract new customers and revenue channels are expanding into digital services, real-time payments and global transactions. However, with every new service, criminals are developing innovative ways to infiltrate financial systems, and older technologies that mitigate fraud no longer work as effectively.
So how can financial institutions respond to this growing threat?
Fortunately, more advanced technologies hold great potential for real-time financial crime mitigation. Learn about five current and emerging technologies that could impact money laundering and fraud mitigation, including artificial intelligence/machine learning, blockchain, biometrics, predictive analytics (hybrid model) and APIs.
Read the latest Fiserv white paper: Five Tech Trends That Can Transform How Financial Institutions Detect and Prevent Financial Crime.
Cisco Advanced Malware Protection (AMP) offers an integrated, comprehensive approach to endpoint security. Continuous analysis and telemetry features keep its finger on the pulse of network anomalies, and all suspicious activity is investigated. Contextual reporting highlights trends for administers, helping them reassess network architecture to close vulnerable points of entry. Also important is its flexible deployment, which makes it simple for any organization to tailor its endpoint security.
Credit Union Times is the nation's leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.