Profile

Location

London

Member since

2012

Writes about

Regulation & Compliance Identity Financial Crime

Riten's blog archive

2021 (1) 2020 (1)

Riten Gohil

Director & Co-Founder at Sphonic

Message Posts: 2 Comments: 7

Career History Digital Identity & Fraud Evangelist drawing upon experiences as a practitioner, investigator, consultant and proud father of 2.

Blogs

Finextra site news

Why Orchestration Tech is the Future to Unlocking Identity

11 Jan 2021

Is Identity Broken? Identity is broken, or many will have you believe so, in reality it sort of works allowing hundreds of millions of consumers and businesses around the world to activate and access services around the world. Clearly more needs to be done, and the industry is burgeoning with new solutions, approaches, strategies and movements to ...

Fintech

Collaborating through the Pandemic,

10 Sep 2020

The importance of Regtech to navigate through the haze of regulation, criminality and bad shopping choices in the Covid era. Living with the new-norm You’re on Mute! Clearly the phrase of the summer as millions of us descend to the dining tables, garden rooms, loft, home office or whatever space you can find amidst the fun and games of kids taki...

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Riten is Commenting on

EBA bends under weight of PSD2 mandates

Finally, common sense prevails. The digital payments environment has move on signficantly since the EBA started this exercise all those moons ago, it is also like to move even further over the coming years and therefore requirements under SCA need to stand the test of time. Foremost, ensuring the vast majority of 'good' payments aren't subjected to undue friction, and any additional step up is proportianate to the risk. Payments has been saved.

07 Dec 2016 Reply Read article

DIGITAL BANKING Tips - Tip 11: Increasing Security with Fraud Detection Systems

Tolga, always glad to hear from you and yes London, Vienna, Amsterdam are always possible but you know I'm an Istanbul guy - Ulus 29 to be exact :) Let me clarify when I talked about on-boarding innovation, I meant the integration of innovation into the banks fraud platform not necessarily for the use case of on-boarding. What my key point is with all of the innovation in the security industry fraud systems must be easily be able to adopt new technologies without long tech projects. The demand will be driven by your customers, you won't have a choice as it is part of their digital behaviour. So Apple Touch ID as an authentication method (RBS & Natwest are doing this already) or be it behavioural biometrics, document verification etc etc all these tools need to be easy to deploy into your target fraud system so you can future proof your technology and not have to rip out and replace in 2 years time when the platform becomes legacy.

20 May 2015 Reply Read article

BPCE pilots dynamic CVV code for online shopping

Carl - I think you are on the right track but the answer in that regard is - why do you need an electronic card? The mobile has the capbility to do all of the above (and more) today without navigating through a complex manufacturing process.

20 May 2015 Reply Read article

DIGITAL BANKING Tips - Tip 11: Increasing Security with Fraud Detection Systems

Tolga, my friend 'you are the man' on this topic for sure and have read this 'series' with great interest. I wholeheartedly agree with your comments and there is a running theme which I believe should be an important requirement : 'Ability to on-board innovation in the security space at relative ease'. By this I mean the security innovation landscape is moving at a rapid pace, I see this on a day to day basis. So as your tip 12 - maybe this is a key theme. E.g. how does a fraud system take on board Apple Touch ID as an authentication method - if starts to be the way your conusumers behave. Beyond Apple Touch ID what's the next big security innovation, something Biometric related no doubt so being able to map this into a fraud process and system is key. Stay ahead of the curve, as they say.

20 May 2015 Reply Read article