Statements
see what’s new with our products
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!
Anchor Device Verification
We've talked about it quite a bit, and it's almost here! Anchor device verification is coming very soon, allowing you to continue finding the balance of accountholder friction and fraud prevention that's right for your institution.
Banno Admin Functionality
When this feature becomes available, your employees with the Manage security settings permission in People* will be able to select yet another option on the High risk action blocking screen.
When selected, the new setting for allowing anchor device unblocking will ensure that net-new users enrolling with their first device are not blocked (much like the Waitlist setting), but all other users will be blocked from enrolling new devices. The kicker, of course, is that the end users with an anchor device available (i.e., the majority, most likely) will be able to unblock their own device!
*If working in the Identity App, your employees with the Edit security settings permission will see the new option in the High risk actions on new device section of the Settings screen.
Online & Mobile Functionality
The process of unblocking their own device will vary slightly depending on the end user’s verification method and type of anchor device, but we’ve designed this with the goal of ensuring both devices are physically located in the same place.
We will start our closed beta testing with Mobile version 3.21 and will be in touch soon with more information on the broader, post-beta rollout plan. As you may recall from the January Statement, this feature will be available to all financial institutions – no additional contract or support ticket is required.