Financial Services Reimagined: How Digitization Poses New Risks & Opportunities - ERP Spain.com - España y América Latina

[Digital Banking Cybersecurity Playbook, Ep 3/4] The banking business model is completely shifting as a result of the acceleration of digital transformation that has occurred since the pandemic. Today, 89% of Americans use mobile banking payments and 70% say mobile banking has become their main point of contact, according to Insider Intelligence. As this trend continues, financial services providers face huge opportunities - but these do not come without their challenges. Digitization gives banks and payment providers the opportunity to engage with consumers more frequently, via lower cost channels. What’s more, by digitizing their service offerings, banks are able to get a stronger understanding of their customers and to design services that directly respond to their needs. However, as digital integrations are increased, financial services providers are becoming increasingly appealing targets for fraudsters. In Episode 3 of Entrust’s Original Series, ‘Digital Banking Cybersecurity Playbook,’ we’ll be discussing the future of banking in the context of digital transformation and exploring risk mitigation strategies to protect against the threat of cyber fraud. Topics for discussion include: - Identifying key areas of fraud risk - Protecting consumers from cyberattacks and identity theft - How to achieve seamless and secure digital transformation - And more… This series is hosted by Limor Sylvie Kessem, Principal Consultant - X-Force Cyber Crisis Management, IBM.