TMT ID’s Post

I have always viewed open banking as the game-changer that will unlock unlimited opportunities in the financial services sector and beyond. I have never looked at it from a totally different perspective until I came across this whitepaper by Lean Technologies This beautifully articulated whitepaper explains how open banking can mitigate financial crime. It first highlight types fraud, then it explains how open banking can mitigate such risks. Throughout the report, interesting statistics and case studies are included. From the title of this whitepaper report, I expected use-cases in such area to strictly address risks. However, I was surprised that use-cases in this area also bring a great level of convenience to users. For example, one of the use-cases is Confirmation of Payee (CoP). Sometimes, you add a beneficiary (or a transfer recipient), and you see their name, however, it can be a common name and you are still not100% confident that it is your intended beneficiary. With CoP, you will be100% confident it is your intended beneficiary. The beauty of open banking is that it will always keep impressing you with its new and innovative use-cases. No limits for that. That is why I am confident that open banking will be the center of the new generation of financial services. As is the case for all of Lean reports, this report is well-put, informative, and easy to read. I highly recommend interested people to access it at the link below: https://lnkd.in/gSyt3feJ

When it comes to digital banking, it's important to exercise caution and avoid sharing your personal and banking details indiscriminately. Always use secure and trusted platforms for online transactions and banking activities. Do not disclose sensitive information like your PIN and passwords—never share them over phone calls, emails, messages, or in person, regardless of the legitimacy of the organisation. Protect your financial information to prevent fraud and unauthorised access to your accounts. #FSDZambia #FinancialInclusion #DigitalBankingSafety #ProtectYourDetails #SecureTransactions #FraudPrevention

Why use Open Banking? ✅ Added level of security ✅ Control information you share ✅ No emailing bank statements ✅ Increase likelihood of acceptance ✅ Faster, fully automated service ✅ No password sharing With Keysafe, all you need to do is follow the guidance given during the application process. You share the data you choose, not passwords or log in details. #openbanking

Say goodbye to passwords! TrueID’s Banking ID combines biometrics with electronic payment systems to ensure secure, fraud-proof financial transactions. With our biometric-enabled smart cards, both banks and governments can authenticate users and provide secure access to services. Ready to elevate your banking security? #BankingSecurity #Biometric #Fintech #BFSI #Banking

Protecting your financial information is our highest priority. That's why we built our mobile banking app to be as secure as online banking. It's a great way to safeguard your account from fraud and theft, while keeping you on the go. Download our app today: https://bit.ly/484LWN6.

The FFIEC's updated Authentication Guidance is fundamentally different than previous guidance. The previous guidance had security parameters where the two-factor authentication was a picture; do you remember that? I had a horse picture on my internet banking, and apparently, the horse let me know I was secure... As you can imagine, there have been some real changes in security since the previous guidance was from 2005 and 2011. A couple of questions: Are you up to speed on the authentication guidance? Summary link in the comments if you want more info. What picture did you have for security in your internet banking? Let me know in the comments. Do you have MFA enabled on all logins possible? (personal and professional)

Open banking is a relatively new but already highly popular concept. It involves exchanging customer data between financial institutions and authorized third-party providers (TPPs). But how does Open Banking protect users’ data? In our new article learn more about: 🔹 How open banking works 🔹 Potential risks of open banking 🔹 Open banking security measures Read the full article here 👉 https://bit.ly/payop18

January is nearly over and we are so ready to get to February!! It is the season of love, so to declare our love to you we are hosting a webinar to show you how Open Banking is a quick and seamless way to boast a 100% success rate in preventing fraudulent applicants. No ones does romance quite like us 💕 Say yes and sign up today - https://lnkd.in/ec6Maexf #webinar #openabanking #fraud #learning #lettingagents #lettings #landlord

Today’s Data Privacy Week tip is to always monitor your accounts closely. The faster you can detect a breech, the better you can protect yourself if the worst should happen. Check your bank and credit statements often to catch and report fraudulent charges. You can also use digital banking tools like CardValet® to keep your accounts safe. Using Ledyard’s mobile and online banking you can get alerts whenever your card is used, set limits, and turn your card on and off instantly. Learn more here: https://lnkd.in/euB4CwP5

🆀: What's the best way to protect your online banking account? 🅰: Use a strong, unique password, or passphrase and enable two-factor authentication! Tip: Most password managers will create a strong password for you. #CybersecurityMonth #BankingSafety #BorderBank