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FStech interviews Phil Hickman (ex-HSBC and chairman of ValidSoft) on the ongoing battle to reduce fraud and increase security in retail banking and trust. If you don’t have confidence and trust, you don’t have a bank.

Fraud has cost implications well beyond the financal loss, and yet it has risen in the last decade as technology has taken over retail banking services, and that trend is far from finished.

Please click here for a PDF version of the interview

Once the video has started playing, and the video has buffered to the times shown below, you can click to jump the following sections:

  • 0:00 - The True Costs of Fraud (intro)
  • 1:55 - Can Banks do a Better Job? (why banks are slow to respond)
  • 6:00 - Is Regulation a Friend? (Europrise etc)
  • 7:18 - Fraudsters are Brighter Than Us (Why fraud requires multi-layered solutions)
  • 9:24 - Customer (In)Experience (why customers will always be right, even when they are wrong)
  • 13:13 - Protection of the Asset not the Data (why OOB is useful)
  • 15:33 - Whose Privacy is it Anyway? (Data breaches and how to stop them)
  • 17:42 - Do Customers Decide the Risks? (the need for solutions in a mobile connected world)
  • 21:30 - Big Solutions (summary - why action is required at a global level)

 


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