Fintech Finance

JUNE 7, 2024

Moneyhub , the market-leading data and payments platform, has today announced the introduction of its account verification service. Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics.

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Verification Accounts Payment APIs and Integration Online and Mobile Banking 52

The Fintech Times

OCTOBER 14, 2024

Business and tax app, ANNA has introduced biometric re-authentication procedures to stamp out cybercrime from taking place on illegally accessed accounts. To further boost security, ANNA has also added ongoing random biometric authentication checks that require a customer selfie.

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Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. Surveying 1000 consumers, the study delved into their experiences and expectations regarding digital verification.

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AML Verification Research Consumer 98

The Fintech Times

JUNE 8, 2024

Moneyhub , the UK-based data and payments platform, has launched its new account verification service, powered by open banking, to enable better payment security utilising bank-level security controls (including PSD2 SCA) and biometrics. This uptick in convenience goes a long way to increasing trust with customers and partners.”

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Verification Accounts Payment APIs and Integration Online and Mobile Banking 59

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

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Verification Scams Financial Crimes Crime 72

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

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PYMNTS

NOVEMBER 26, 2020

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. It appears that these stepped-up verification approaches are warranted, too, as tales of security breaches that have ensnared unsuspecting internet users are rampant. Leveraging phone-based verification.

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Verification Security Authentication Online and Mobile Banking 69

The Fintech Times

JUNE 26, 2024

Promon, a provider of mobile app security solutions, has named the first-of-its-kind malware ‘Snowblind’ It makes use of a novel attack vector, exploiting functionalities in the Android operating system to bypass anti-tampering mechanisms.

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Security Cybersecurity Credential Compromise 111

Fintech Finance

JUNE 14, 2024

Fingerprint Cards AB (Fingerprints ) and WiBioCard , an Italy-based smart card integrator specializing in web access authentication, verification and physical and logical access control have partnered to offer innovative smart card solutions for the global access market.

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Verification Privacy Authentication End User 98

PYMNTS

OCTOBER 16, 2020

In the era of the great digital shift, everything is consumer experience, including vital (but invisible) functions like authentication. Evidence also suggests that the firms that focus on providing engaging identity verification experiences can build more trust among their customers.”. Fast, Frictionless and Secure.

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Verification Consumer Authentication Security 75

Fintech Finance

AUGUST 5, 2024

For the past 25 years, he has been involved in online identity verification including being a key member of the team that built the UK’s first eIDV product (BT URU). David then moved on to work with GBG to lead the development team on their ID3 Global online identity verification product, which was the global market leader for many years.

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Technology Financial Crimes Verification Crime 124

Finovate

JANUARY 25, 2024

Identity and authentication platform 1Kosmos launched its BlockID 1Key solution this week. BlockID 1Key is a biometric security key that provides passwordless multi-factor authentication for customer help desks, retail bank branches, and other environments deemed too sensitive to allow access to mobile devices.

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Authentication Phishing User Authentication Interoperability 52

PYMNTS

OCTOBER 8, 2020

Offering seamless sign-up experiences is becoming more difficult, with the health crisis boosting the need for greater security, however, especially as fraudsters attack digital platforms in droves. . Consumers do not expect to have to choose between speed and security, however. Balancing Seamlessness And Security.

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Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

AUGUST 11, 2020

Merchants and other online services must be sure these processes are also secure, however, especially as fraud attempts have continued to climb. Many of these digital shoppers are now also weighing the security of this experience as top priority when they go to shop at new online retailers, according to one recent study.

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Fintech Finance

MARCH 5, 2024

Pioneering the BNPL landscape, Tamara was one of the first companies to secure a permit from the Saudi Central Bank for BNPL services and holds the distinction of being the Kingdom’s first homegrown fintech unicorn. In response to the rapid digital growth in the region, the demand for robust identity verification has surged.

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PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. I see the growing need to authenticate consumers being ignored because of even more concern over data sharing, privacy infringement and hacking.

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Authentication Verification Fraud Prevention Encryption 43

The Fintech Times

MAY 24, 2024

Looking to uncover how different regions of the world are responding to the threat of misused AI, Ping Identity , a provider of seamless and secure digital experiences, conducted a survey of 700 IT decision-makers across the UK, US, France, Germany, Australia and Singapore. childhood pets, mother’s maiden name.

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The Fintech Times

MAY 16, 2024

Marcotte’s warning comes following the RSA cybersecurity conference, where leading academics, entrepreneurs and corporations discussed pressing security issues. Now, Michael Marcotte, CEO of artius.iD , a digital ID and authentication firm, is calling on the cybersecurity industry to put banking at the top of the agenda.

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Deepfake Security Cybersecurity Procedures 69

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

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PYMNTS

SEPTEMBER 17, 2020

The challenges of maintaining this trust are now under pressure from the COVID-19 pandemic, however, which has seriously battered the sharing economy as ride- and homesharing businesses develop tactics to convince consumers of their security and restore the sector. . Seamless, Secure Onboarding . PYMNTS research revealed that 68.8

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Verification Authentication Economy Data Breach 89

Stax

MARCH 15, 2024

Data protection and security are crucial not just for safeguarding customer information, but for protecting business owners as well. Having and maintaining secure payment systems is integral for protecting yourself and your customers. Enter secure payment systems (SPS). What Are Secure Payment Systems?

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Process Security PCI DSS Encryption 88

Fintech Finance

JANUARY 10, 2024

VoPay , a leading provider of embedded financial technology solutions, has launched VoPay Verify, an Instant Bank Account Verification solution via microtransactions – pioneering the first-of-its-kind service in Canada and the United States. This initiative gives our clients an out-of-the-box method for account verification.

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PYMNTS

JUNE 19, 2020

ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a new consortium to help secure digital transactions, the press release says. The round was led by funds advised by Apax Digital , the growth equity team of Apax Partners.

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Verification Account Takeovers Authentication CHIPS 60

PYMNTS

SEPTEMBER 18, 2020

Making sure that you are being yourself, so to speak, is the province of ever-smarter authentication systems that verify parties to a transaction and keeping things legit. Factoring In Authentication. When you create a new online account, we are capturing an image of the government-issued ID and a 3D face map.

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Verification Economy Authentication Account Takeovers 62

PYMNTS

OCTOBER 9, 2020

Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure. It also explores what tools or technologies banks, merchants or other entities could use to enhance their email verification and general onboarding process as the volume of fraud attempts continues to grow.

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Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. A convenient, yet secure solution could be just a few taps away, however. About The Tracker.

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Authentication Consumer Online and Mobile Banking Verification 108

PYMNTS

SEPTEMBER 23, 2020

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients.

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Verification B2C Best Practices Data Breach 92

VISTA InfoSec

FEBRUARY 25, 2024

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

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PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. There has not generally been as reliable a system of authentication in the U.S. EMV Cards Face Verification Hurdles.

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EMV Verification Chip Cards CHIPS 52

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. When we put these detection mechanisms in the space, we have to take a holistic view of what is going to drive security, but also reduce friction,” Xie said. “So

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Authentication Bots Identity Theft Mitigation 98

Finovate

SEPTEMBER 24, 2024

Voice authentication technology innovator Illuma Labs has raised $9 million in funding. As the first major investment for the company, the capital will help accelerate the development of Illuma’s voice verification offerings to help banks and other institutions fight fraud, voice cloning, deep fakes, and more.

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Credit Union Deepfake Authentication Fraud Prevention 59

Fintech News

FEBRUARY 7, 2024

Entrust, known for its secure payments, identities, and data protection solutions, has confirmed that it is in the midst of discussions to acquire Onfido , a London-based firm specialising in artificial intelligence (AI) and machine learning (ML) powered identity verification technologies. said Mike Tuchen, Onfido’s CEO.

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PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. Boni added that the solution was integrated in SIA's infrastructures and will launch quickly to “ensure PSD2 compliance.” .

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Authentication Digital Payments Payments Compliance 66

PYMNTS

JULY 8, 2020

Trulioo , the Canadian company that provides online identity verification, has introduced a facial recognition and document validation technology it says will enable small and medium-sized businesses (SMBs) to provide the same level of online protection to their customers as global conglomerates.

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Verification Product Money Laundering AML 56

PYMNTS

AUGUST 27, 2020

Mitek , which offers digital identity verification services, has partnered with Lightico , which works in the field of identity verification and eSignatures, to provide a new way to complete transactions over a text message, a company blog post stated. It also uses Mitek's Mobile Fill for the same purpose.

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PYMNTS

JANUARY 18, 2021

The following Deep Dive examines the logistical challenges businesses are confronting as they work to remotely vet and hire new employees and analyzes how digital identity verification solutions can ease the task. . ID Verification In The Remote Age . Remote Hiring Now And In The Future .

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Verification Process Procedures Money Laundering 112

VISTA InfoSec

MARCH 28, 2024

This article explores ten key principles that every company should know and implement to ensure the highest level of data security. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.

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