Elevating the authentication experience
Complex security challenges require sophisticated yet convenient authentication experiences
As banking continues to go digital, fraud is becoming more sophisticated, and the need for secure authentication has never been greater—without sacrificing convenience. While customers grow savvier in spotting fraud attempts, criminals are constantly evolving their tactics. Even with current levels of multi-factor authentication (MFA) in place, the system is not entirely immune to these rising threats. Fraud comes in many forms, creating significant risks for both financial institutions and customers.
Weak authentication practices remain a major vulnerability, leading to some of the most common types of digital fraud.
The evolution of fraud
More to fraud than meets the eye
Fraud impacts more than just finances:
- Eroding customer trust: if customers feel that their bank isn’t doing enough to protect them against fraud, they might look elsewhere.
- Rising resource burden: responding to fraud incidents increases demand on banks’ internal resources and processes.
- Complicating the customer experience: anti-fraud measures may result in more complex registration and authentication experiences.
- Changing regulatory environment: increasing fraud levels have resulted in more regulatory scrutiny around payments, placing greater responsibility for combatting fraud on banks.
The factors behind the evolution of authentication
Our authentication expertise empowers the whole ecosystem to combat fraud
Resources
eBook
The evolution of fraud
As banking and payments have become more sophisticated, so too have the methods used by fraudsters to obtain illicit access. This means that banks and financial institutions have been locked in a race to outpace the fraudsters—and protect their business and customers.
Explore the history of this race for security, and learn how and why authentication must be made a seamless, secure, and customer-focused process.
Report
G+D has been recognized as a 'Luminary' in authentication
Discover why we have been distinguished as a 'Luminary' in the authentication sector by Acuity Market Intelligence, and explore the critical factors that set G+D apart in the industry.
Your customers trust you to provide a secure banking and payments experience
Who can you trust to enable that security?
Our solutions enable a future where multi-factor authentication can be both a shield and a seamless experience for your customers.
Further Insights
Learn how passwordless authentication can transform your customer experience, boosting security and combatting fraud while still providing seamless convenience for every interaction.
Get in touch
If you have any questions about our end-to-end business solutions or about our SecurityTech company, seek expert advice, or want to give us your feedback, our team is here to support you, anytime.