State of Identity Podcast: Replacing Legacy Identity Authentication Methods

Why is cryptographic authentication replacing risk-based authentication at tier 1 banks & enterprises? I joined State of Identity’s host Cameron D’Ambrosi to tackle this million-dollar question. In this wide-ranging discussion, we explore how and why banks are making the decisions to transition their auth stacks in the first place and cover some of the key value drivers in making the jump.
Listen to the podcast: https://liminal.co/podcast/legacy-identity/

Keep reading

New solution delivers measurable ROI by replacing SMS OTPs and mitigating SIM swap fraud – cutting costs, reducing abandonment, and enabling seamless customer experiences across channels.

In this blog, we detail how the FDIC's new guidance, influenced by Prove's advocacy, allows banks to use pre-filled customer data for CIP. This change, empowering solutions like Prove Pre-fill®, significantly reduces friction, enhances security, and improves financial inclusion in digital banking by streamlining account opening and combating fraud.

The U.S. banking system is a conduit for transnational crime, with systemic failures in identity verification and a lack of oversight, enabling fraud and money laundering. Read Prove’s call to action for the financial industry.