Fintech Finance

OCTOBER 28, 2024

Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Verify ensures real-time verification of account details, reducing failure rates and preventing delays.

Verification 98

Verification Global Payments Accounts Cross-Border 98

Fintech News

AUGUST 28, 2024

Jumio, a global provider of AI-driven identity verification and compliance solutions, is now available on the AWS Marketplace. The company aims to support a range of use cases, from customer onboarding and compliance to age verification and responsible gaming. said Robert Prigge, CEO of Jumio.

Verification 95

Verification Financial Crimes Crime Compliance 95

Payments Dive

MAY 3, 2024

Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

Verification 158

Verification 158

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee 97

Payee Verification IBAN Regulatory Compliance 97

Fintech News

OCTOBER 1, 2024

HSBC Singapore has reportedly become the first bank in the country to introduce Singpass Face Verification (SFV) for in-app provisioning on its mobile app. Singpass Face Verification, developed by Singapore’s Government Technology Agency (GovTech), is currently used by over 4.5

Verification 87

Verification Security Scams Authentication 87

Fintech News

JUNE 13, 2024

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available in the Microsoft Azure Marketplace. Damien Dugauquier “We are committed to providing the most comprehensive and reliable payment verification solutions on the market.

Verification 86

Verification Payee Account Validation Payments 86

Fintech Finance

AUGUST 22, 2024

The post NBK Unveils Payment Verification Service on Its Mobile Banking App appeared first on FF News | Fintech Finance. Customers can easily download the NBK Mobile Banking App, which is currently available on various platforms including the App Store, Google Play, and Huawei AppGallery.

Mobile Banking 105

Mobile Banking Verification Online and Mobile Banking Push-to-Card 105

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

IBAN 101

IBAN Interoperability Payee Verification 101

Fintech Finance

JULY 17, 2024

During this temporary presence of staff, the purchase of age-restricted goods such as alcoholic beverages – the range in the village store includes numerous products from local winegrowers – can also be carried out using automatic, AI-based age verification. This pleases customers and allows employees to concentrate on their core tasks.”

Verification 97

Verification AI Transactions Authorization 97

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. While banks will continue to do their part to fight scams, customers need to be vigilant themselves and practice good cyber hygiene.”

Verification 86

Verification Scams Financial Crimes Phishing 86

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.

AML 98

AML Verification Research Consumer 98

Finextra

FEBRUARY 14, 2024

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

Verification 124

Verification Consumer Process 124

Finextra

DECEMBER 23, 2024

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee scheme.

RFP 64

RFP Payee Verification API 64

The Fintech Times

AUGUST 16, 2024

Gopher , the on-demand marketplace connecting users with qualified workers for various services , is enhancing its identity verification following a collaboration with iDenfy , the Lithuanian-based regtech. Our partnership once again shows the importance of robust identity verification, especially for mobile application platforms.”

Verification 75

Verification Checks Service Provider Security 75

Payments Dive

MAY 23, 2022

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.

Verification 183

Verification Payments 183

Finextra

SEPTEMBER 18, 2024

Banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.

Verification 69

Verification Security Process 69

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.

Verification 72

Verification Scams Financial Crimes Crime 72

Payments Dive

OCTOBER 10, 2023

The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.

FedNow 113

FedNow Accounts Verification Fed 113

Finextra

DECEMBER 5, 2024

The European Payments Council (EPC) launches today a call for interest inviting organisations to express their intention to offer services as a Verification of payee (VOP) scheme-compliant Routing and/or Verification Mechanism (RVM) in the EPC VOP scheme.

Payee 52

Payee Verification Payments 52

Payments Dive

MARCH 15, 2022

Software firm PopID is seeking to raise about $50 million in capital to scale its face verification services for payments applications in the U.S. As payments technology evolves, the use of biometrics is poised to take off. and abroad.

Verification 148

Verification Technology Payments 148

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.

Technology 122

Technology Financial Crimes Verification Crime 122

Segpay

OCTOBER 3, 2024

Age verification tools are crucial in the adult industry to ensure that only users of legal age (typically 18+) access adult content. Various tools and methods are used across platforms to verify age, ranging from simple age-checking prompts to sophisticated identity verification systems. It is GDPR-compliant and offers high security.

Compliance 89

Compliance Verification Database Privacy 89

The Payments Association

SEPTEMBER 20, 2024

How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection. Read more

Fraud Detection 123

Fraud Detection Innovation Verification Finance 123

Finextra

OCTOBER 14, 2024

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport.

Visa 86

Visa Verification Issuers 86

Fintech News

JUNE 10, 2024

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD , a beneficiary name and bank account verification service. This collaboration aims to enhance payment security and efficiency for banks, corporations, and financial institutions on a global scale. said Deya Innab, Eastnets’ Deputy CEO.

Fraud Prevention 101

Fraud Prevention Global Payments Payee Verification 101

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment 99

Risk Assessment Payment APIs and Integration Verification Assessments 99

Fintech News

SEPTEMBER 2, 2024

Global verification provider Sumsub has introduced Local Data Processing (LDP) capabilities in the Asia-Pacific (APAC) region. Sumsub’s LDP infrastructure is designed to assist regulated companies in securely managing and processing personal data, offering a suite of verification, anti-fraud, and compliance tools.

APACS 108

APACS Privacy Regulations Fraud Prevention 108

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.

Verification 98

Verification Privacy Authentication End User 98

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.

AI 96

AI Acquirers Verification Legal 96

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 89

Verification Fraud Detection Money Laundering Compliance 89

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform.

Cross-Border Payments 83

Cross-Border Payments Cross-Border Transactions Verification 83

VISTA InfoSec

APRIL 5, 2024

Cybersecurity measures such as data encryption, two-step verification, and stringent policies on data access are some of the things that should be implemented in order to minimize online threats. The road to recovery could be expensive if it involves customer complaints, internal investigation, and legal proceedings.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

VISTA InfoSec

MARCH 28, 2024

For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification. To achieve this, regularly review your data collection forms and processes to identify and eliminate any unnecessary data fields.

Data Breach 277

Data Breach Regulatory Compliance Breach Encryption 277

Finovate

JUNE 11, 2024

An injection attack occurs when a fraudster injects a deepfake– which could be a synthetic document, video, facial image, or audio representation– into an identity verification workflow to spoof the system. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.

Process 81

Process Verification Money Laundering AML 81

Fintech News

AUGUST 12, 2024

Here are the eight selected startups: Edubuk A platform for global academic and professional credentials verification, using blockchain and AI to streamline background checks. The XDC Network, compatible with Ethereum Virtual Machine (EVM), is equipped to support these startups in applying blockchain technology to real-world applications.

Blockchain 131

Blockchain Credential AI Verification 131

The Payments Association

MAY 13, 2024

Digital wallets are rapidly evolving, increasingly centralising essential personal functionalities like payments, identity verification, and data control, highlighting both immense potential and significant risks. Read more

Risk 100

Risk Verification Payments Digital Currency 100