Money20/20 USA 2023 saw the leading lights of financial services come together in Las Vegas to connect and create the future of money.
Entrust: Making payments more secure
Cease told us about the work Entrust has been doing to make payments more secure.
"Entrust plays across digital onboarding, unified issuance and secure transactions," he explained. "If you think about the use of digital signatures throughout that workflow, they're critical – from agreeing to terms and conditions when opening an account, to accessing a loan product or credit product.
"Having a non-repudiable digital signature, from which that financial institution can trust the consumer, really accelerates that process and dramatically reduces the amount of friction that consumer would have to go through typically to access that product.
"So, in many ways, it's extending the security we're establishing at the digital account opening, and allowing it to persist throughout the consumer's journey with that financial institution so that identity is trusted from day one, all the way through their evolution as a consumer."
AI remains hot topic for Entrust
Looking ahead, Cease revealed one very important innovation is continuing to dominate the security space.
"When we look forward, it's always looking into what is going to be the impact of AI," he added. "How are fraudsters and bad actors going to evolve and ultimately make onboarding great customers more challenging for banks?
"That's where we see the unification of our technology: the ability to link ID verification through the opening process, leveraging digital signatures, providing seamless card experiences. Doing that from a single provider that can provide visibility across all those events is very unique in the space."
To hear more from Andy Cease, simply click play on the YouTube video at the top of this story.
Want to see more from Money20/20 USA 2023? Stay tuned to our website for more content, which will be rolled out in the coming days.
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