Is Open Banking in Your Arsenal for the Fight Against Fraud?
This presentation tries to answer the question: can open banking help bolster your fraud defenses and improve risk decisions?
By harnessing the right data, open banking-focused merchants and service providers can significantly improve risk decisions for both user authentication and transaction authorization purposes. Open banking data is especially powerful when it comes to account-to-account payments, rendering them even more secure than other payment options.
This presentation also explores how merchants are thinking of leveraging these emerging capabilities, and answers the following questions:
- What is the business case that justifies the investment?
- Which use cases are they considering?
- What should be built in-house, and when it makes sense to partner with third parties