Latest opinions that Steve Cook has shared on Finextra

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Steve Cook

Digital Identity & Biometrics Consultant

Member since

07 Oct 2015

Location

London

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Steve's opinions

Biometrics: Are they becoming the nirvana of personal security?

By 2020, nearly all smart devices including mobile phones, tablets and wearables will have some form of biometric security enablement. By the same time, personal banking through mobile apps will also overtake online banking in the UK. According to a recent report from Good Intelligence, by 2020 1.9 billion bank customers will adopt biometrics for a...

05 July 2018 /inclusion

Biometrics and the Window of Opportunity

2018 will be all about Digital Identity. I am sure everyone is aware that the revised EU Payment Services Directive (known as PSD2) comes into force later on this week. Within the new PSD2 regulations, there is Strong Customer Authentication (SCA) and Common and Secure Communication (CSC), regarding all electronic payments, under Article 98 of th...

09 January 2018 /payments Digital Banking Trends

Biometrics: Ensuring Resilience in the Face of Spoofing

In today's fintech world, information security is the new arms race. We all know passwords are not really working and dedicated tokens are cumbersome and expensive. Biometric technology is the way forward, but so too is ensuring anti-spoofing measures are there to combat fraud and false impersonation. Liveness detection is increasingly playing a s...

17 October 2017 Digital Banking Trends

Using Biometric Authentication technology can help to reduce fraud in Online Gaming

A recent study conducted from CasExe with over 50 gambling companies found that 94% are regularly struggling to deal with fraud. The survey ran from June-July 2017. Most of the online gaming business owners are concerned about the phenomenon of bonus hunting, the act of taking advantage of incentives designed to attract new players to a site, in or...

21 August 2017 /security Online Banking

What are the advantages of biometric authentication in replacing passwords?

Biometric technology has a number of different user cases in order to ease the customer journey. It can be used as a replacement for the user-name and password as a convenient log-in, or as a simple alternative to password re-sets. It can also be deployed for enhancing on boarding and KYC (Know Your Customer) methods. It has a tremendous advan...

21 February 2017 /security Innovation in Financial Services

How the selfie is revolutionising mobile payments!

Everyone likes a good selfie, from Hollywood celebrities to the general public! Selfies have become an everyday part of our lives. The selfie is still a relatively new word yet everyone knows what it means and furthermore it has transcended into almost every language in the world without translation. Australia has proudly laid claim to inventin...

08 March 2016 /payments

Passwords are so last century. They have to go, so deal with it!

Many of you feel very strongly about passwords, but the fact is … they have to go because of the large volume of hacks or frauds taking place putting you and also your money at risk! It is true, strong passwords cannot be defeated but the facts are that very rarely do we use them. Companies or your employer insist on them, but in most cases we gene...

29 January 2016 /payments

EBA sets out plans to exempt some payments from strong customer authentication rules under PSD2

December 9th - Businesses and consumers could be able to sanction low-value payments, payments made to "trusted beneficiaries" and the transfer of funds between different payment accounts they have without having to complete a multi-factor authentication process under new EU payment services rules, according to plans under consideration ...

10 December 2015 /payments

7 Trends in Biometric Technology Applications

Mitigating the risk of a security breach and protecting customer data is one of many concerns that need to be addressed with innovative technological solutions and methods. Biometric authentication is one such solution to this problem. With rapid innovation in this field, new companies and use cases are coming up in order to provide secure and co...

12 November 2015 /payments

The Changing Face of Mobile Payments

You cannot fail to notice that biometrics is having an impact everywhere! From access control systems to mobile banking and in particular it is likely to be facial recognition that will have the greatest impact over the next ten years. According to research firm Tractica; facial recognition adoption will grow from 28.5 million mobile devices in 20...

22 October 2015 /payments

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