Banking & Finance

Authentication at login is no longer enough. The fraud is already inside.

Account takeover, APP fraud, and session hijacking all operate inside authenticated sessions. The controls the industry has invested in were built for a different threat.

The problem

UK banks lost over £500 million to authorised push payment fraud in 2024. US account takeover losses reached $15.6 billion. In both cases, the dominant attack vector is not a failed authentication event — it is a successful one, followed by a fraudulent session. Stolen session cookies allow attackers to resume authenticated sessions without triggering a new login. Coaching fraud operates entirely inside legitimate sessions where the account holder has authenticated correctly. AI-enabled impersonation is defeating MFA workflows at the entry point. CrowdStrike found that MFA failed to prevent the attack in 84% of account takeover incidents — not because MFA is broken, but because the attack enters through or after authentication. The industry has built strong doors. The room behind them is still unverified.

£500m+

UK authorised push payment fraud losses, 2024. All operating inside authenticated sessions, not through broken logins.

$15.6bn

US account takeover losses, 2024. The dominant attack vector: a successful authentication event, followed by a fraudulent session.

84%

ATO incidents where MFA failed to prevent the breach (CrowdStrike). Attacks enter through or after authentication, not before it.

Discover how YEO can protect banking & finance

Relevant Solutions

Solutions for banking & finance

Together, YEO's products address both sides of the financial services identity problem.

YEO CFR SDK

The YEO CFR SDK adds continuous session-layer verification to banking and payments platforms — verifying account holder presence at the point of transaction, not just at login, with no displacement of existing authentication infrastructure.

YEO for Business

YEO for Business provides regulated financial firms with a verified internal communications channel — evidencing not just what was communicated, but who communicated it, to the standard SMCR, MiFID II, and FCA Consumer Duty require.

Compliance and regulatory fit

YEO for Business supports regulatory obligations under SMCR, MiFID II, Market Abuse Regulation, and FCA Consumer Duty — providing a verified audit trail that evidences not just what was communicated, but who communicated it, confirmed at the time.

  • SMCR
  • MiFID II
  • FCA Consumer Duty

Certified for trust

GDPR Compliant

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In Progress

ISO 27001

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In Progress

FIDO

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In Progress

HIPAA

Certified for trust

GDPR Compliant

ISO 27001 Badge

In Progress

ISO 27001

fido Badge

In Progress

FIDO

HIPAA Badge

In Progress

HIPAA

Certified for trust

GDPR Compliant

ISO 27001 Badge

In Progress

ISO 27001

fido Badge

In Progress

FIDO

HIPAA Badge

In Progress

HIPAA

Next industry

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See continuous identity verification in action

See continuous identity verification in action
See continuous identity verification in action
See how YEO's continuous facial recognition technology works, and what it can do for your platform or team.
YEO for Business

See continuous identity verification in action

See continuous identity verification in action
See continuous identity verification in action
See how YEO's continuous facial recognition technology works, and what it can do for your platform or team.
YEO for Business

See continuous identity verification in action

See continuous identity verification in action
See continuous identity verification in action
See how YEO's continuous facial recognition technology works, and what it can do for your platform or team.
YEO for Business

© 2026 YEO messaging Ltd is registered in England and Wales 10785061.

🇺🇸 US Patent No: 10,607,035 (Granted March 31, 2020)
🇬🇧 GB patent No: 1713943.7 (Granted February 2022)
🇨🇳 Chinese patent 201880071020.4 (Granted April 2nd 2024)
🇪🇺 EU patent No: PCT/EP2018/073464 (Granted July 2026)

© 2026 YEO messaging Ltd is registered in England and Wales 10785061.

🇺🇸 US Patent No: 10,607,035 (Granted March 31, 2020)
🇬🇧 GB patent No: 1713943.7 (Granted February 2022)
🇨🇳 Chinese patent 201880071020.4 (Granted April 2nd 2024)
🇪🇺 EU patent No: PCT/EP2018/073464 (Granted July 2026)

© 2026 YEO messaging Ltd is registered in England and Wales 10785061.

🇺🇸 US Patent No: 10,607,035 (Granted March 31, 2020)
🇬🇧 GB patent No: 1713943.7 (Granted February 2022)
🇨🇳 Chinese patent 201880071020.4 (Granted April 2nd 2024)
🇪🇺 EU patent No: PCT/EP2018/073464 (Granted July 2026)