In its latest blog post, BioCatch has some words of advice for Payments Canada and other financial institutions that are upgrading their systems to support faster payments. The behavioral biometrics company argues that financial institutions need to be prepared with real-time fraud prevention strategies in order to head off an impending wave of financial crime.…
“2018 witnessed the largest increase in attempted ID fraud in five years and this highlights why organizations need to use more sophisticated digital identity verification solutions to take extra precaution during the online account opening process, especially during the holidays.” – Philipp Pointner, Chief Product Officer, Jumio After a bit of a lull in 2017,…
A new participant in the NVIDIA Inception Program is aiming to dramatically reduce online fraud using facial recognition, AI, and a watch list approach. Called Facepoint, the Paris-based company is working on an anti-fraud online platform that would rely on a database of “heightened risk individuals,” as the company puts it on its website. The…
