“An intuitive and easy digital user experience is table stakes for both banks and e-commerce merchants, but this is increasingly difficult to maintain as cyberattacks grow more frequent and sophisticated,” says Aite Group research director Julie Conroy. “Businesses that leverage technology to enable security in a responsive, frictionless manner will increasingly gain a competitive edge,” she says.
This report outlines the various digital channel fraud detection and authentication solutions, discusses their pros and cons, and provides a vendor mapping. It concludes with a discussion of the ways in which FIs and merchants can more nimbly evolve their protective strategies.
About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.