Help Me With Sign Illinois Banking Presentation

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banks and mobile operators are the engines of growth for the digital economy banks want to give customers the convenience and confidence to bank digitally they also want to cut their service delivery costs but complex authentication methods and a rise in fraud is affecting customers willingness to transact online and inhibiting usage of banks digital services stronger authentication is part of the solution but often these processes call for additional security which causes frustration mobile operators can now support banks in making the most of this digital opportunity with mobile connect a new standard in digital authentication giving users a secure way to prove who they are using a device that's always with them their mobile phone it eliminates the need for multiple usernames and passwords unlocks access to online services while still protecting privacy it's easy and secure by putting the customer in control of their own data it enables those customers to put their trust in digital services mobile Connect integrates with bank's existing security architecture it brings strong security with out-of-band two-factor authentication it's privacy features reduce risk of non-compliance it restores trust in online transaction for banks and their customers meet Sally while staying in a hotel Sally decides to access her online bank account using a hotel computer she enters her user ID on the bank's login page recognizing she's not using her own device the bank asked Sally to confirm it's the right person trying to access the account having already verified her Mobile Connect account with her online bank account Sally clicks log in with mobile connect a prompt on her mobile asks her to enter her pin and she's granted secure access to her online bank account Sallie realizes she forgot to pay her friend Bob for a concert ticket and decides to pay him via online banking she enters bob's bank details and the amount but Bob's not on her payee list so when she clicks confirm the bank reacts to make sure the request is genuine instead of the interactive voice response callback option Sally clicks on confirm with mobile connect a prompt on her mobile tells her to enter her PIN to confirm and her request is authorized it's quicker and costs the bank less Sally is shopping for a souvenir and wants to pay for it with her bank card but she hasn't told the bank she is abroad so the transaction appears suspicious and the bank takes steps to validate the request Sally immediately receives a prompt on her phone to enter her PIN to confirm the payment and her purchase is authorized Mobile Connect creates trust increases customers willingness to transact digitally and makes usernames and passwords a thing of the past Mobile Connect secure digital identity is now in our hands