“Metadata pertaining to things like device identifiers and online identity will be leveraged together with analysis of behavioral patterns and other AI systems to verify that users are who they say they are without any friction.” BioCatch has issued its top ten predictions of cybercrime trends anticipated for 2019, and there’s actually a bit of good news…
“Now, thanks to the partnership with ID R&D, the system can identify customers using voice recognition or selfie-based facial recognition, with behavioral biometrics adding an extra layer of anti-fraud security.” Biometric technology from ID R&D has been integrated into a unique communications platform from Ten Digit Communications. Called “TDC Bridge”, the platform is designed to…
“The Cognitive Authentication platform powers a specific Single Sign-On solution called “It’sMe”, which is designed to operate across mobile devices, web browsers, and enterprise applications.” Portland-based authentication startup Acceptto has officially launched, announcing its new Cognitive Authentication platform. The company says that its platform is based on machine learning, and that it’s designed to replace…
“The system’s operation has also been streamlined, with new threat detection algorithms having reduced the number of end user interactions needed to recognize individuals and potential threats.” BehavioSec has upgraded its behavioral biometrics platform. Version 5.0 of the BehavioSec Behavioral Biometrics Platform is now able to detect the use of Virtual Private Networks and TOR-routed…
While it’s undoubtedly seen as a regulatory obstacle by many organizations, the European Union’s PSD2 is helping to pave the way for open banking, requiring financial institutions to allow Third-party Payments Providers, or TPPs, to interface with them via APIs. This represents an opportunity to foster greater fluidity and convenience in banking for consumers, but…
“We have experienced first-hand the significant return on investment that BioCatch provides and this comes from not only catching the fraud that traditional solutions miss, but from reducing the operational costs and lost customer revenue that comes from too much disruption in the digital channel.” -Rodrigo Colossi, IT Superintendent, Itau Unibanco Behavioral biometrics specialist BioCatch has…
![[Money20/20] Biometrics and AI Converge in Expert FinTech Panel](https://mobileidworld.com/assets/Biometrics-Superheroes-620x350.jpg)
If there’s one exciting trend in payments right now, it’s the rise of biometrics, and so it was no surprise to see “Digital Identity & Biometrics” emerge as one of the four central themes of the opening day of this year’s Money20/20 event in Las Vegas. And an expert panel comprising representatives of some of…
“Biometric systems with fingerprints, face, voice, behaviour and iris enables a digital identity that makes it more convenient and secure in the daily life.” Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics is moving beyond fingerprint recognition, announcing that it has embraced a new business strategy focused on multi-modal biometric authentication solutions. In a statement…
The risk-based authentication market is in for some substantial growth, according to a new market forecast from MarketsandMarkets. The market research firm predicts that this sector will grow from a value of $2.19 billion this year to $5.41 billion by the year 2023, reflecting a CAGR of 19.8 percent. According to the report, the market…
TwentyBN, an AI startup with offices in Berlin and Toronto, has announced that it just brought in $10 million through a funding round led by M12, Microsoft’s venture capital fund. As VentureBeat reports, the startup is focused on computer vision technology designed to interpret human actions. TwentyBN has been training its AI technology on a…
Zighra is revealing some trade secrets in a new blog post, provided you’ve got the kind of math-oriented brain that can take them in. The post, authored by Zighra’s Chief Data Scientist, Hari Koduvely, isn’t really about Zighra’s mobile authentication technology in particular, but rather covers an approach to AI training called “Bayesian Learning”. It’s based…
Two identity-focused tech firms have teamed up to develop a global identity platform based on blockchain technology. One of the firms, Boston-based Distilled Analytics, offers continuous authentication solutions based on end users’ digital activities. The other, Shyft Network, is developing a blockchain-based platform for identity verification. Together, the companies have announced Distilled Identity, a collaboration…
Exabeam and SecureAuth + Core Security have teamed up to offer a new security platform based on behavioral biometrics. The platform revolves around Exabeam’s Smart Timeline system, which scans online activity for abnormal behavior such as unusual login attempts and account switching. It assesses such behaviors into a risk score, which the SecureAuth IdP system…
BioCatch is raising the alarm over cross-channel fraud. As the company explains in a new blog post, “cross-channel fraud” simply refers to fraud conducted between two multiple different channels – for example, using a phishing attack via social media to get a user’s credentials for their bank’s web app. It’s a way of exploiting businesses’…
Another study is pointing to the rise of biometric authentication, and the decline of the password. Commissioned by London-based multimodal authentication specialist Callsign and carried out by YouGov Plc, the study entailed online surveys of a little over 3,000 adults across the UK and the US. The survey found a significant difference in authentication preferences…
People don’t like having their identities stolen. That’s the key takeaway from new research from the University of Texas at Austin Center for Identity. The academic institution’s newly published “2018 Identity Theft Assessment and Prediction Report” highlights the emotional impact of identity theft, fraud, and online abuse, and the findings are perhaps predictable. According to…
“Jay’s interest in joining BioCatch is a validation of the significant market potential for digital identity solutions like ours that enhance online security without disrupting the user experience.” – Howard Edelstein, BioCatch Chairman and CEO Behavioral biometrics specialist BioCatch has announced a new appointment to its board of directors: former JPMorgan Chase senior investor Jay Mandelbaum.…
Mobile biometric technology is going to play a much bigger role in payments over the next few years, according to a new market forecast from Juniper Research. The UK-based firm predicts that by 2023, such technology will be used to verify two trillion dollars’ worth of in-store and remote purchases – a value that is…
BehavioSec is highlighting its technology’s compliance with Payment Services Directive 2 (PSD2), the European Union’s major regulation for payment services and transactions. In a new post on its website, BehavioSec points out the PSD2 now requires ‘Strong Customer Authentication‘ (SCA), which it defines as the use of two of three authentication factors – something the…
