By Clive Summerfield, CEO of FARx Moderating the “Speed vs Security: Tools for Fighting Fraudsters” panel at Fintech Fringe was a real eye-opener. Joined by industry leaders shared their insights on tackling fraud. Here’s a recap of, arguably, the most important discussion of the day. The Growing Threat of Fraud Fraud is a persistent menace […]
Balancing the Speed and Security of Fraud Prevention Read More »
What an incredible discussion yesterday at Fintech Fringe! It was an absolute honour to moderate the session on Speed vs. Security: Tools for Fighting Fraudsters. A huge thank you to the brilliant panelists Brendan Regan, Plaid; Priya Guliani of EarthID; and Juspal Manic from Featurespace, for sharing their invaluable insights and experiences. Thank you to
Join FARx CEO & Founder, Clive Summerfield, at the “Speed vs. Security: Tools for Fighting Fraudsters” panel at Fintech Fringe during Fintech Week London. Clive will be joined by industry leaders including Priya Guliani, CEO/Founder of EarthID, and Juspal Manic, President of EMEA, Featurespace, for an in-depth look into the pioneering tech that will enable
Check out this interesting article by KnowBe4 on the worrying challenges in biometric security. The rise of deepfake technology and sophisticated cyber threats poses significant concerns for biometric authentication. FARx is addressing these vulnerabilities with a comprehensive solution that combines face and voice recognition, continuous liveness and anomaly detection, and multi-biometric, real-time authentication, enhancing security
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It’s been a significant week in AI with OpenAI’s release of Chat GPT-4o. This new version expands Chat GPT-4’s abilities to talk and see, making it an even more powerful tool for chatbots and banking customer service applications. However, despite these advancements, it still lacks a crucial capability: the ability to identify individual humans and
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Frictionless multi-factor authentication – making authentication invisible. We have previously emphasised that an intuitive and frictionless user experience is often the key factor in adopting new products or services, such as online banking and e-commerce – https://lnkd.in/eKDwq3az This holds especially true for Faster and Smarter Payments. To achieve this, we need to ensure that payments
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Faster smarter payments need not be more expensive. One Time Passwords (OTPs) are not only inherently insecure but also costly and unreliable to deliver. When delivered via email or SMS, a server must send the OTP in a separate channel, which is expensive in terms of delivery, speed and additional infrastructure. And, there is no
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Don’t compromise user experience to enhance fraud prevention. In most situations, more security means more inconvenience and the inevitability of a poorer, more frustrating user experience. Back in the 1980s, you could turn up late to the airport and still catch the flight, walking onto a plane with few checks and short queues. But enhanced
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Last week, FARx Group Limited introduced a chatbot that’s more than just a chatbot. A digital entity that gets to know you better with every interaction, better known as Cynthia©️. But what technology sits behind, Cynthia©️? FARx’s fused voice-face machine learning algorithms are designed to adapt to you. It learns the unique characteristics of your
Your Personal Banker Preventing & Tracking Fraud Read More »
Imagine a chatbot that’s more than just a chatbot. A digital entity that gets to know you better with every interaction. The more it knows you, the better it can protect you from fraudsters who attempt to hack your accounts or steal your personal information. This is now a reality with, Cynthia©️. Thanks to FARx’s
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