Infineon Banking Day in Munich
Last week, our co-founder Markus Kuhnt represented the power of modern payment technologies in action during a compelling panel at the Infineon Banking Day in Munich.
Sharing the stage with Maria Ruhmer (Mastercard), Oliver Manahan (EMVCo), and Jacob Ingelheim (Unzer), they explored how 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐜𝐚𝐧 𝐫𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐞 𝐟𝐫𝐚𝐮𝐝 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐮𝐬𝐞𝐫 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 and emphasized the critical role 𝐨𝐟 𝐬𝐭𝐫𝐨𝐧𝐠 𝐢𝐝𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬.
Here are the key takeaways: 🌍💳
1️⃣ Balancing Fraud Prevention & User Convenience
Technologies like 𝐛𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (fingerprint, facial recognition, and more) enhance security while making the user experience seamless.
Meanwhile, innovations in 𝐭𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 are transforming digital payments, replacing sensitive payment data with unique tokens, making them useless to hackers while ensuring secure, smooth transactions. 🪙
2️⃣ The Critical Role of Strong Identities in Payments
As digital payments grow, 𝐬𝐭𝐫𝐨𝐧𝐠 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐢𝐝𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 are vital to confirm that the individual initiating a transaction is legitimate, thereby minimizing the risk of fraud and identity theft. The additional layer of security added by 𝐦𝐮𝐥𝐭𝐢-𝐟𝐚𝐜𝐭𝐨𝐫 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (MFA) and 𝐛𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜𝐬 is essential for building trust and makes it hard for unauthorized users to access accounts or complete fraudulent transactions. Strong identities promote secure, traceable, and efficient payment systems, which are fundamental in reducing fraud and boosting user confidence. 🛡️👤
A huge thanks to Infineon Technologies for hosting such a forward-thinking event! 🙌 We’re excited to see how these innovations will shape the future of payments.
#Fintech #Payments #DigitalIdentity #FraudPrevention #Tokenization #Banking
Infineon Banking Day in Munich
Last week, our co-founder Markus Kuhnt represented the power of modern payment technologies in action during a compelling panel at the Infineon Banking Day in Munich.
Sharing the stage with Maria Ruhmer (Mastercard), Oliver Manahan (EMVCo), and Jacob Ingelheim (Unzer), they explored how 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐜𝐚𝐧 𝐫𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐞 𝐟𝐫𝐚𝐮𝐝 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐮𝐬𝐞𝐫 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 and emphasized the critical role 𝐨𝐟 𝐬𝐭𝐫𝐨𝐧𝐠 𝐢𝐝𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬.
Here are the key takeaways: 🌍💳
1️⃣ Balancing Fraud Prevention & User Convenience
Technologies like 𝐛𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (fingerprint, facial recognition, and more) enhance security while making the user experience seamless.
Meanwhile, innovations in 𝐭𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 are transforming digital payments, replacing sensitive payment data with unique tokens, making them useless to hackers while ensuring secure, smooth transactions. 🪙
2️⃣ The Critical Role of Strong Identities in Payments
As digital payments grow, 𝐬𝐭𝐫𝐨𝐧𝐠 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐢𝐝𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 are vital to confirm that the individual initiating a transaction is legitimate, thereby minimizing the risk of fraud and identity theft. The additional layer of security added by 𝐦𝐮𝐥𝐭𝐢-𝐟𝐚𝐜𝐭𝐨𝐫 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (MFA) and 𝐛𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜𝐬 is essential for building trust and makes it hard for unauthorized users to access accounts or complete fraudulent transactions. Strong identities promote secure, traceable, and efficient payment systems, which are fundamental in reducing fraud and boosting user confidence. 🛡️👤
A huge thanks to Infineon Technologies for hosting such a forward-thinking event! 🙌 We’re excited to see how these innovations will shape the future of payments.
#Fintech #Payments #DigitalIdentity #FraudPrevention #Tokenization #Banking