PaymentSource: Neuroscience is helping banks detect fraud and friction
PaymentsSource’s latest article features our CEO, Jack Alton, discussing how neuroscience gives banks a chance to detect both fraud and friction.
Some excerpts from the article, written by David Heun:
The advancement of neuroscience as a security layer is showing early positive results, said Julie Conroy, research director and fraud expert with Boston-based Aite Group.”
In looking at the cadence at which data is being entered and how fast the applicant is doing things…that is not just helping catch fraud, but also addressing channel abandonment,” Conroy said.
This is very useful in application flow today, but these technologies are growing and there is room for improvement and other use cases,” she added. “I think it is great we are seeing positive results already.”
Click HERE to read article.