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A Message From Our Team
Happy October! 🎃 Fall into our latest batch of updates designed to make managing your financial institution even smoother. This month, we're excited to highlight new features for the Banno Support app case queue, seamless browser-based key generation for developers, the launch of our new Origination Pilot & Beta Hub for lending and deposits, and so much more. Dive in below to see what's new!
High Risk Action Blocking Updates
Last month, we rolled out anchor device verification to all institutions, giving you the ability to enable this powerful fraud prevention setting when ready. We continue to listen for feedback and improvements, and early this month we updated our documentation with a helpful user experience overview.
Here’s the breakdown:
- Learn about high risk action blocking in general here.
- Prep your teams to verify and unblock devices with this.
- Educate yourself on anchor devices (and restrictions) yonder.
- New: Deeply understand the anchor device verification experience with this overview accessible via For Clients.
If you haven’t taken advantage of the high risk action blocking features yet, it’s time to reassess. Here are a few reasons:
- Over 200 institutions leverage the Waitlist setting, another 100-plus Block all new devices, and a growing list of over 50 institutions have taken the plunge to Anchor device verification.
- We continue to hear amazing success stories of these settings reducing account takeover fraud dramatically!
- While these features introduce friction, it’s important to recognize that it’s a healthy friction, and several institutions have said that most of their blocked users are grateful for the added security.