A discussion between COO of Railsbank and CEO of Kani Payments, focused on the importance of partnerships within the FinTech Industry.
An interview with Kani CEO Aaron Holmes
– Minimize the impact of fraud on legitimate customers
– Set honeytraps that can be used to detect and counteract fraudsters’ reconnaissance efforts and attacks against other banking customers
– Share account registration details, identities and locations with international police to show there are real world consequences to online fraud
– Make fraud less profitable and riskier for the perpetrators
– Trust
– Safety
– Building trust and safety using behavioral biometrics
– Preventing fraud and maintaining mutual trust
– There has been an increase in fraud seeking to circumvent payments security
– Behavioral biometrics took steps towards becoming a foundational cybersecurity technology
– Fraud prevention in 2021 will become as much about response as detection
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