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.

Verification 59

Verification Fraud Prevention User Authentication AI 59

PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. . Are end users ready to manage their own IDs? Healthy Friction.

Verification 68

Verification Authentication Cross-Border Risk 68

Fintech Finance

MAY 2, 2024

Failed payments cost the global economy over $100B each year, a problem Verify solves by completing bank account verification within 15 seconds. Verify gives businesses an edge, with instant verification that enables faster, more accurate transfers and guarantees payments arrive at the intended account, safely.”

Verification 52

Verification Payment APIs and Integration Same Day ACH Accounts 52

The Fintech Times

OCTOBER 21, 2024

iDenfy , a Lithuania-based identity verification and fraud prevention software provider, has launched a new ‘Bank Verification’ solution, designed to enhance the customer onboarding process. Recent estimates indicate that the global cost of cybercrime will reach $9.5trillion by the end of 2024.

Verification 52

Verification Compliance IBAN Fraud Detection 52

Fintech Finance

JUNE 5, 2024

Sumsub , a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey.

Fraud Prevention 52

Fraud Prevention Verification Visa Mitigation 52

The Payments Association

OCTOBER 23, 2024

Noda , a leading provider of open banking, has introduced Pay & Go, a solution designed to streamline the user journey for merchants who require registration, KYC verification, and payment processing. This allows merchants to fully leverage the potential of their user acquisition efforts.

Process 88

Process Payment APIs and Integration Verification Payments 88

Finovate

MAY 14, 2024

Software solutions and engineering firm N-iX announced today it has enhanced its partnership with digital identity verification tools company Mitek Systems. Under the agreement, N-iX has tapped Mitek to enhance its digital identity verification and fraud prevention efforts. The company’s solutions are crucial to 99% of U.S.

Fraud Prevention 59

Fraud Prevention Verification End User Cross-Border Payments 59

PYMNTS

MARCH 14, 2017

specifically, identity verification has long relied on credit-based data — the existence of credit history along with knowledge-based authentication (KBA) questions — in digital channels or by showing a physical, government-issued ID in person. Essentially, the identity verification process can be a major friction point. In the U.S.

AML 44

AML Verification Money Laundering Authentication 44

PYMNTS

AUGUST 13, 2020

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. In that instance, merchants have to contend with cart abandonment. seconds on average through EMV 3DS.

EMV 99

EMV Technology Authentication Visa 99

Fintech News

MARCH 6, 2024

This initiative leverages standardised communication channels (APIs) set by the GSMA, allowing real-time verification of mobile phone numbers and device locations. By combining their resources, Singtel and M1 aim to establish a suite of APIs that will empower businesses to verify user identities and detect fraudulent activities effectively.

Scams 107

Scams API Mitigation Phishing 107

CB Insights

NOVEMBER 21, 2019

Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users. APIs) directly to end-users. or (2) leverage technology to provide P&C or life insurance products directly to end-users.

FinTech 93

FinTech End User Online and Mobile Banking Payment APIs and Integration 93

The Fintech Times

FEBRUARY 28, 2025

Meanwhile, Arva AI tackled inefficiencies in know your business (KYB) verification, leveraging artificial intelligence to speed up compliance processes. CyberUpgrade introduced its AI-powered cybersecurity co-pilot, addressing growing threats against financial institutions. The one thing all companies showcasing had in common?

Embedded Finance 64

Embedded Finance AI Compliance Multi-Currency 64

The Payments Association

OCTOBER 25, 2024

The solution is easy to deploy and includes payment processing and online PIN verification for higher-value transactions, simplifying merchants’ operations and enhancing customer security.

Contactless Payments 88

Contactless Payments End User Verification Transactions 88

PYMNTS

DECEMBER 9, 2020

That’s especially true for companies like Mitek, he said, where promoting new data security and ID services in the market can help regulated companies like banks and payment service providers reach their end users with innovation much more quickly.

Privacy 93

Privacy Regulations Verification Account Takeovers 93

PYMNTS

APRIL 27, 2020

If a user opts to use them (and not all eCommerce platforms allow this) the system will only allow access to an account with an exact match. In reality, there’s a lot more to identity verification than just being able to match a set of biometrics. That’s where identification verification comes in.

Verification 65

Verification Authentication Fraud Detection End User 65

PYMNTS

SEPTEMBER 18, 2020

She noted that verifications can also utilize information tied to payment history. We are pleased to bring together diverse industry experts to create tangible tools to help financial institutions and business end users alike,” said Jane Larimer , Nacha’s CEO, in a statement.

NACHA 88

NACHA Cybersecurity Scams Payments 88

Fintech Finance

FEBRUARY 20, 2025

ID-Pal , a leading provider of AI-powered identity verification solutions, today announced its membership with The Payments Association , an influential community of industry leaders and innovators committed to shaping the future of payments.

AI 52

AI Deepfake Verification Fraud Detection 52

PYMNTS

MARCH 7, 2019

And that includes combining ID verification and authentication. Businesses and end users care way more about” security than was the case just a few years ago, Hochrieser told PYMNTS. That includes the importance of combining verification and authentication. The process tied to fraud prevention matters significantly, too.

Fraud Prevention 69

Fraud Prevention Verification Authentication Push-to-Card 69

The Paypers

NOVEMBER 23, 2021

Identity verification company Trulioo has announced it received authorisation from the German Commission for the Protections of Minors in the Media to verify the ages of end users looking to access age-restricted online content.

Authorization 46

Authorization End User Verification 46

Finovate

DECEMBER 20, 2023

Via the partnership, Neonomics will manage end-user consents and account-to-account payments for Ping Payments. The Swedish payment provider will leverage its new relationship with Neonomics to enhance its account-to-account payment capabilities, identity verification, and compliance operations.

Innovation 52

Innovation Verification Payments End User 52

Open Banking Excellence

NOVEMBER 14, 2023

This would increase consumer awareness, bolster customer authentication standards, extend refund rights for fraud victims, and mandate the verification of payees’ IBAN numbers against their account names for all credit transfers. The post Evolution or Revolution? Preparing For The PSD3 appeared first on Open Banking Excellence.

Non-Bank 130

Non-Bank Rules Authentication Regulations 130

The Fintech Times

JUNE 20, 2024

Sumsub , the full-cycle verification platform, is partnering with Finastra , the global financial software applications and marketplaces provider, to support financial institutions worldwide with their compliance processes. Last year, the APAC region saw a spike in reported fraud crimes.

Compliance 59

Compliance Process APACS Money Laundering 59

Fintech Finance

DECEMBER 19, 2023

The new partnership will significantly enhance Ping Payments’ capabilities within account-to-account payments, identity verification and compliance within the Nordic region.

Verification 52

Verification Regulatory Compliance Compliance Payments 52

PYMNTS

DECEMBER 2, 2019

2) said Signicat will integrate SurePay’s bank account verification solution within Signicat’s Digital Identity Platform, allowing financial institutions and businesses in the Netherlands to automatically authenticate a payee’s identity with its bank account details.

Due Diligence 40

Due Diligence B2B Payee Payer 40

PYMNTS

NOVEMBER 13, 2017

As its name suggests, Emailage , an Arizona-based identity verification startup, uses customers’ email addresses to deliver risk scores to financial institutions (FIs) and online merchants. However, email addresses as verification tools are no longer Emailage’s only specialty. The service represents the company’s core competency.

Risk Assessment 40

Risk Assessment Assessments Risk Verification 40

PYMNTS

FEBRUARY 18, 2020

The new capability consists of an image-capture software development kit (SDK) with designated bidirectional, desktop-to-mobile workflows, offering a more flexible, holistic approach to identity verification. Take, for example, the rise of mobile as a tool in onboarding and verification. Building Scale At Speed .

Authentication 58

Authentication Verification API Process 58

PYMNTS

DECEMBER 13, 2018

The new service includes user authentication and account verification tools, payment routing and bank sponsorship, the company said. In a press release , Ingo Money said the product is aimed at helping merchants, corporations and banks speed up the deployment of Vista Direct.

Push-to-Card 55

Push-to-Card Real Time Payments User Authentication Payments 55

PYMNTS

OCTOBER 29, 2020

With a focus on enhancing the end user experience for corporates, First Horizon aims to provide a more personalized service to small and medium-sized firms and empower them with financial management tools, as well as offer these clients a more consistent banking experience.

CFPB 81

CFPB Consumer Financial Protection Bureau (CFPB) Payment APIs and Integration Financial Crimes 81

Fintech Finance

MAY 23, 2024

Underpinned by open architecture, APIs and our partner ecosystem, our solutions enable banks like LGT to innovate at speed, boost risk management and deliver enhanced services to end-users. We look forward to supporting LGT on further developing its payments services.”

Instant Payments 52

Instant Payments Compliance Regulations Payment APIs and Integration 52

PYMNTS

SEPTEMBER 18, 2019

To that end, the global identity verification firm Trulioo said on Tuesday (Sept. The tailwinds are there, he said, stemming from the growth of the gig economy, the globalization of commerce and the desire for end-users to experience as little friction as possible when it comes to transacting, and living life, online.

Verification 63

Verification Cross-Border Push-to-Card Online and Mobile Banking 63

Finovate

MARCH 5, 2024

Document automation platform Ocrolus announced it has teamed up with financial data aggregation and account verification expert Envestnet | Yodlee this week. Under the agreement, Envestnet | Yodlee will leverage Ocrolus’ technology to enhance digital document capabilities for its clients.

Automation 59

Automation Use Case End User Verification 59

PYMNTS

DECEMBER 26, 2016

As payments continue their digital and mobile transformation, 2016 became the year that new methods of identity verification and authentication in the mobile channel became critical to success. billion end users making domestic as well as international P2P payments. Consumers are asking for more mobile payment options.

Authentication 43

Authentication Verification Payments AML 43

The Fintech Times

MARCH 6, 2024

Another Tink survey of 200 UK lenders supports these findings, with research showing that 36 per cent of lenders cite manual income verification as the point when they see the most drop-off in the loan application process. And it’s not just benefiting the end user.

Process 59

Process Verification Research Risk 59

The Fintech Times

AUGUST 29, 2024

Zero has selected those that share in our mission and vision, as well as enable us to offer a best-in-class product and experience to our end-users.” Choosing the right partners is crucial for success. It is supported by a 12 strong advisory group and 24 angel investors including entrepreneurs, founders and CEOs.

Card Issuer 59

Card Issuer Debit Card Reconciliation FinTech 59

Fintech Finance

OCTOBER 23, 2024

The solution is easy to deploy and includes both payment processing and online PIN verification for higher value transactions, which simplifies operations for merchants and enhances security for customers.

Contactless Payments 52

Contactless Payments End User Verification Transactions 52

PYMNTS

DECEMBER 8, 2016

Finding that right balance between what financial institutions obviously need to cover from a regulatory perspective and eliminating friction from the end user experience isn’t so easy — especially when many millennials haven’t built up enough of a credit profile for banks to easily make that call. It’s All About The Use Case .

Due Diligence 78

Due Diligence Authentication Addressing Social Security 78

PYMNTS

FEBRUARY 19, 2019

FinTech still exists as a fragmented market, where businesses striving to offer payment services to end users pick and choose among providers, integrate with those providers, and must often navigate across complex technological and regulatory hurdles as they expand into new markets.

eWallet 77

eWallet Global Payments FinTech Payment APIs and Integration 77