The financial services sector is evolving rapidly: increasing and changing customer expectations, a radical shift towards digital channels (mobile), a tsunami of new regulations (PSD2, GDPR, MiFID2, Dodd-Frank act…​), new technological evolutions (e.g. IoT), increased competition of FinTech players…

https://www.finextra.com/blogposting/17515/multi-factor-authentication-and-identity-fraud-detection-in-the-financial-services-industry