Published December 9, 2021 | Version 1
Journal article Open

Digital onboarding in finance: a novel model and related cybersecurity risks

Creators

  • 1. NTT DATA, Madrid, Spain
  • 2. Real Casa de la Moneda y Timbre, Madrid, Spain
  • 3. Accertify, London, UK
  • 4. Liberbank, Madrid, Spain

Description

Over the last few years, the financial sector has undergone a digital revolution that has had a severe impact on different related areas such as, the entities, the cybersecurity of systems, regulations and, of course, customers. SOTER project takes the challenge providing a complete set of tools to enhance the cybersecurity levels by implementing, in addition to non-technological tools, an innovative onboarding process has been implemented with the goals of increasing security, improving the user experience and integrity in the sector, and facilitating the customer entry into the digital marketplace by combining a set of breakthrough technologies. The cybersecurity research plays a crucial role in the conception and implementation of the onboarding process and for this kind of processes it has to be studied as an individual area by itself, as it is necessary to analyze the possible threats that can affect them, their origin and the solution(s) that can be taken to address them. Therefore, the SOTER project presents a fully digital onboarding process, innovative, adaptable to both current and future market needs and to possible changes in regulation, based on the most advanced technologies available today, and above all guaranteeing the cybersecurity of both entities and end users.

Files

openreseurope-1-15417.pdf

Files (611.1 kB)

Name Size Download all
md5:78dcfee19d5bd158e84547d74174b203
611.1 kB Preview Download

Additional details

Cites
10.1007/s00138-021-01178-6 (DOI)
10.1088/2057-1976/abf7d2 (DOI)
10.1016/j.patrec.2021.03.020 (DOI)
10.3390/electronics10080923 (DOI)
10.1016/j.patcog.2021.107894 (DOI)
10.4018/IJCINI.20210701.oa4 (DOI)
10.3390/s21082799 (DOI)

References

  • (null). Digital Onboarding in Financial Services.
  • (null). Five Banking Customer Experience Tips to Improve Digital Transformation.
  • (null). Pandemic Exposes Paradoxes in Digital Banking Transformation.
  • (null). Onboarding digital en banca: la identificación no presencial de clientes mediante videollamadas.
  • Anbari M, Fotouhi AM (2021). Finger knuckle print recognition for personal authentication based on relaxed local ternary pattern in an effective learning framework. Mach Vis Appl. doi:10.1007/s00138-021-01178-6
  • Massihi N, Rashidi S (2021). Extracting features from wrist vein images using fractional fourier transform for person verification. Biomed Phys Eng Express. doi:10.1088/2057-1976/abf7d2
  • Piciucco E, Di Lascio E, Maiorana E (2021). Biometric recognition using wearable devices in real-life settings. Pattern Recogn Lett. doi:10.1016/j.patrec.2021.03.020
  • Shin S, Kang M, Jung J (2021). Development of Miniaturized Wearable Wristband Type Surface EMG Measurement System for Biometric Authentication. Electronics. doi:10.3390/electronics10080923
  • Fei L, Zhang B, Wen J (2021). Jointly learning compact multi-view hash codes for few-shot FKP recognition. Pattern Recognit. doi:10.1016/j.patcog.2021.107894
  • Yadav AK, Gupta N, Khan A (2021). Robust Face Recognition Under Partial Occlusion Based on Local Generic Features. International journal of cognitivie informatics and natural intelligence. doi:10.4018/IJCINI.20210701.oa4
  • Roy K, Hasan M, Rupty L (2021). Bi-FPNFAS: Bi-Directional Feature Pyramid Network for Pixel-Wise Face Anti-Spoofing by Leveraging Fourier Spectra. Sensors (Basel). doi:10.3390/s21082799
  • (null). eIDAS compliant eID Solutions.
  • (null). Commission Implementing Regulation (EU) 2015/1502 of 8 September 2015.
  • (null). ISO/IEC TS 29003: 2018 Information technology — Security techniques — Identity proofing.
  • (null). ISO/IEC 29115: 2013 Information technology — Security techniques — Entity authentication assurance framework.
  • (null). Digital Identity Guidelines.
  • (null). CEN/TR 419010:2017.
  • (null). ENISA Threat Landscape 2020 - Sectoral/thematic threat analysis.
  • (null). Application Protection Report 2019, Episode 5: API.
  • (null). Q4 2016 State of The Internet Security Report.
  • (null). State of the Internet Security | Financial Services – Hostile Takeover Attempts (Volume 6).
  • (null). State of the Internet / Security | Web Attacks and Gaming Abuse (Volume 5, Issue 3).
  • (null). Insider Threat.
  • (null). INSIDER THREAT REPORT.
  • (null). Malware- ENISA Threat Landscape.
  • (null). What is fileless malware and how does it work.
  • (null). INTERNET ORGANISED CRIME THREAT ASSESSMENT.
  • (null). Cloud Security Guide for SMEs.
  • (null). ENISA Threat Landscape 2020 - Distributed denial of service.
  • (null). Data Risk in the Third-Party Ecosystem.
  • (null). ISO/IEC 27001: 2013 Information technology — Security techniques — Information security management systems — Requirements.
  • (null). Security and Privacy Controls for Information Systems and Organizations.
  • (null). Directive (EU) 2016/1148 of the European Parliament and of the Council of 6 July 2016.