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.…
BlackBerry Cylance is using behavioral biometrics to enhance its Cylance AI security platform. The new features are being introduced under the CylancePERSONA heading, and will deliver continuous authentication to its enterprise-level clients to detect and prevent fraudulent activity. “Every day, rogue insiders and external threat actors exploit valid user credentials to launch cyber attacks, so…
“BioCatch’s approach here is notable for not needing to rely on specialized hardware, making it another one of the many behavioral metrics – the company says it uses 2,000 of them – that can be analyzed by BioCatch’s technology via a software-based approach.” BioCatch has further solidified its IP holdings with a newly granted patent,…
OneSpan has launched a new Risk Analytics solution aimed at the financial services sector. It’s a cloud-based, open API platform that leverages AI to spot potential fraud attempts. Backed by machine learning, its AI system is designed to assess a range of metrics including device information, transaction data, and user behavior in order to deliver…
A Brooklyn-based behavioral biometrics specialist has revealed that it was recruited to aid in the Department of Defense’s development of a ‘proof of life’ authentication system. Called Twosense.ai, the company says it won a contract through Army Contracting Command’s Rapid Innovation Fund. The deal is valued at $2.42 million, and was actually awarded in late…
Some clicks are worth more than others, especially in the world of online advertizing. Many ad views are created by bots rather than people, which is why the World Federation of Advertisers estimates that ad fraud will cost advertisers roughly $50 billion by the year 2025. With that in mind, the fraud prevention company Adjust…
The behavioral biometrics market is really going to come into its own over the next several years, suggests a new report from Allied Market Research. The firm estimates that the global behavioral biometrics market was valued at about $720.5 million in 2017, and that it will reach a whopping $3.922 billion by the year 2025.…
“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…
