Financial Management, Investment Management

FIDO PASSKEYS for financial institutions

October 11, 2022

FIDO PASSKEYS for financial institutions
Over the past 30 years, authentication for digital banking services has evolved, from basic user ID plus passwords to various multi-factor authentication methods using hardware tokens, SMS OTP, dedicated authenticator apps and embedding authenticators in mobile banking apps. The goal has always been to achieve the best balance between security and user experience. But despite all the progress, one thing remains unchanged: everyone continues to depend on passwords, no matter how much end users and financial institutions dislike them. Until now

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Donegal Insurance Group

Our family of property and casualty insurance companies provides full lines of personal, farm and commercial insurance products across multiple regions of the United States. We are proud of our heritage, which spans 125 years in the insurance business. The Donegal Insurance Group family of companies includes Donegal Mutual Insurance Company, Atlantic States Insurance Company, Southern Insurance Company of Virginia, Le Mars Insurance Company, Peninsula Insurance Company, Peninsula Indemnity Company, Sheboygan Falls Insurance Company, Southern Mutual Insurance Company, Michigan Insurance Company, Mountain States Commercial Insurance Company and Mountain States Indemnity Company.

OTHER WHITEPAPERS
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Innovate to Succeed: The Client Call to Action for Wealth Management

whitePaper | December 11, 2019

For at least five years, the wealth management industry has been gripped by one existential question about its future: to what extent should technology play a role in its relationship-driven business model? Across all industries, new channels and technologies are changing the service demands of the modern customer. These trends are by no means exclusive to wealth management, but they are being felt acutely by the firms that operate here. A sector that has thrived for decades on life-long client loyalty is now caught up in a perfect storm of margin compression and escalating digital expectations.

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Open Banking, Open Finance, Open Economy: THE NEW IDENTITY OF FINANCE

whitePaper | May 24, 2022

Trends in customer demand, technology, and regulation drive the development of an open financial ecosystem in which the consensual sharing of customer data among financial institutions (FIs) and businesses creates new value for consumers and business users. This Aite-Novarica Group report analyzes this trend and the evolution from open banking to open finance and to a truly open economy. The report is based on interviews with executives from banks and fintech firms in Europe and North America.

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Currency Conversion and the Hidden Costs of Global Trade

whitePaper | April 3, 2023

Every day, businesses send hundreds of billions of dollars in payments through the global banking system. But many organizations fail to recognize how inefficient – and costly – this process really is. Transaction costs may be relatively small on a per-transaction basis. But when one considers the sheer number and value of payments that are made each year, the tally of fees can reach into the billions of dollars.

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Investing in Lending Technology: IT Spending in Banking

whitePaper | August 25, 2022

This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the past decade. By linking banks’, IT spending to their lending technologies, we analyze the distinctive natures of banks’ dealings with information across various lending activities. Investment in communication IT is shown to be associated more with improving banks’ ability of soft information production and transmission, while investment in software IT helps enhance banks’ hard information processing capacity. We exploit polices that affect geographic regions differentially to show causally that banks respond to an increased demand for small business credit (mortgage refinance) by increasing their spending on communication (software) IT spending. We also find that the entry of fintech induces commercial banks to increase their investment in IT—more so in the software IT category.

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Security Essentials for FinTech Apps

whitePaper | November 29, 2022

Based on our experience of building financial and banking products, we can state that there are corners FinTech companies should never cut. The past shows that core security features and software compliance should be an integral part of any MVP coming to the market. Therefore, you either put it in the MVP backlog from the very beginning or use a prebuilt software that already comes with the core security components.

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How banks can innovate lightning fast

whitePaper | July 27, 2022

As banking players have embraced the digital era, customers want to do more and more online and via their mobile apps. They expect their financial transactions to be seamlessly embedded in their daily lives.

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Spotlight

Donegal Insurance Group

Our family of property and casualty insurance companies provides full lines of personal, farm and commercial insurance products across multiple regions of the United States. We are proud of our heritage, which spans 125 years in the insurance business. The Donegal Insurance Group family of companies includes Donegal Mutual Insurance Company, Atlantic States Insurance Company, Southern Insurance Company of Virginia, Le Mars Insurance Company, Peninsula Insurance Company, Peninsula Indemnity Company, Sheboygan Falls Insurance Company, Southern Mutual Insurance Company, Michigan Insurance Company, Mountain States Commercial Insurance Company and Mountain States Indemnity Company.

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