Security

In an increasingly digital-first world, the need to protect sensitive financial data is more crucial than ever.

We recently interviewed Banked’s Chief Legal and Compliance Officer (CLCO), John Fernandez, to discuss the current state of fraud in the fintech and open banking industries, sharing insights on how we stay ahead of evolving fraud threats while ensuring a seamless and intuitive user experience for customers using Pay by Bank.

While the rise of mobile devices has streamlined transactions worldwide and made consumers’ lives easier, the dark side of this growth is that mobile payment fraud has only become more sophisticated.

The payment industry is constantly evolving to provide safer and more secure transactions for users. Field Level Encryption in payments is set to revolutionise the way we make payments online.