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.

Verification 52

Verification Accounts Payment APIs and Integration Online and Mobile Banking 52

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

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.

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Verification Accounts Payment APIs and Integration Online and Mobile Banking 59

Payments Dive

MARCH 27, 2020

To protect against fraud, the banking industry needs to find alternative methods for authentication beyond SMS verification.

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Authentication Verification 188

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 Paypers

JULY 22, 2024

Estonia-based identity verification provider Veriff has augmented its Biometric Authentication solution to prevent account takeover fraud.

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Authentication Account Takeovers Verification Accounts 41

PYMNTS

NOVEMBER 27, 2020

Overtaxing the royal attention span — that of the consumer — is a mistake, so multifactor authentication (MFA) processes are morphing in various ways to reduce onboarding frictions while maintaining rigorous multifactor authentication (MFA) and other fraud-fighting tools. Taking Authentication To The Streets. Phone Call For You.

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Multifactor Authentication Authentication Security MFA 107

Agile Payments

MARCH 22, 2019

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services.

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Verification Authentication Checks Accounts 77

The Fintech Times

DECEMBER 13, 2023

DataVisor, the AI-powered fraud and risk platform, has expanded its end-to-end platform capabilities with the integration of SMS customer verification for fraudulent transactions, powered by T wilio technology.

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Verification Fraud Prevention User Authentication AI 59

Fintech Finance

FEBRUARY 15, 2024

It is necessary to authenticate an extensive range of documents across diverse formats which can include PDFs, images or scans which originate from multiple countries with unique legal frameworks and documentation standards. Of particular challenge can be account statements or utility bills for authentications from a wide variety of sources.

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Cross-Border Payments Cross-Border Verification AI 52

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

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

PYMNTS

AUGUST 11, 2020

In the latest Digital Consumer Onboarding Tracker® , PYMNTS analyzes how the ongoing COVIID-19 pandemic is continuing to affect digital onboarding, the technologies companies are employing as part of these processes and why robust address verification has become essential during this time. Around The Digital Onboarding World.

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Addressing Verification API Authentication 99

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

The Fintech Times

MAY 24, 2024

Only 45 per cent of global organisations have implemented multi-factor authentication (MFA). Other notable findings for UK decision-makers Organisations have protections against identity fraud, but the UK relies on multi-factor authentication in place of more advanced technologies. childhood pets, mother’s maiden name.

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Authentication MFA Deepfake AI 59

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

This is why verifying consumers’ identities by authenticating their email addresses and other details must be as seamless as the rest of the onboarding experience, Ryan Wuerch , CEO and founder of cash-back platform Dosh , said in a recent PYMNTS interview. . We have bank-level encryption to ensure information is safe and secure. “We

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Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

NOVEMBER 20, 2020

An old Los Angeles gas station is getting a new life as a drive-thru authentication hub for eBay , according to a company statement on Friday (Nov. eBay’s first-ever "Authentication Station" can be used by sellers to verify the authenticity of frequently counterfeited merchandise like sneakers and watches.

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Authentication NOV Verification Global Payments 98

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

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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Verification Transactions Accounts Microtransactions 52

PYMNTS

SEPTEMBER 17, 2020

Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .

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Verification Authentication Economy Data Breach 89

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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Verification Technology CHIPS Authentication 53

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

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

Fintech Finance

MARCH 5, 2024

In response to the rapid digital growth in the region, the demand for robust identity verification has surged. Uqudo, with its user-friendly interface, efficient processes, and responsive team, aligns seamlessly with our dedication to delivering fast, easy, and cost-effective customer authentication experiences.

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BNPL Verification Transactions Fraud Prevention 52

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

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

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

OCTOBER 9, 2020

The following Deep Dive examines why email verification at the point of onboarding is crucial for security and fraud prevention and why this is becoming more important as the pandemic has forced more banking and commerce interactions online. Email and the Verification Divide. The Future of Email Verification.

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Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

NOVEMBER 24, 2020

This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. Many FIs and businesses are relying on 2FA measures that leverage SMS — or text message-based — verification to cater to a growing number of consumers who are using mobile channels to transact. About The Tracker.

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Authentication Consumer Online and Mobile Banking Verification 108

The Paypers

JUNE 23, 2022

ComplyCube , a UK-based verification platform, has rolled out face authentication, improving its biometric verification capabilities.

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Authentication Verification 36

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

PYMNTS

FEBRUARY 13, 2020

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

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Authentication Bots Identity Theft Mitigation 98

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

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

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Verification Money Laundering Authentication API 59

FICO

SEPTEMBER 9, 2021

As I work with our clients – many of them large retail banks — it’s clear that identity proofing and authentication strategies are evolving. When it comes to maintaining the trust of banking consumers, identity proofing and authentication are at the top of the list. The Future of Customer Identity Proofing and Authentication.

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Authentication Best Practices Verification Consumer 52

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