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FMSI Article Featured in Financial Manager's Society Publication



By Meredith Deen
October 17th, 2014
 
Financial Manager's Society Article: Thwarting Branch Fraud in an Omni-channel World
 
"Major cyber-criminal news stories have been shining the spotlight on what is already a 24×7 omni-channel initiative for the financial services industry. The perfect combination of constant vigilance and relying on the right technologies is required at all levels of banking to fully ensure that the account holder and the institutions’ confidential information and assets are as secure as possible.
 
With sophisticated behavioral authentication tools, such as cognitive biometrics, advanced technologies can now potentially even identify online fraudsters by their typing cadences and mouse patterns. But while this science-fiction-like technology will surely grab the headlines this year, preventing fraud at the branch level can still go a long way at stopping criminals.
 
Most financial institutions can gain serious ground in their anti-fraud efforts by rolling out much simpler technologies and tactics, such as better capturing of account-holder activities through dedicated applications and then leveraging this business intelligence to help identify criminals in the branch."

Read the full article here.