financial services

CO-OP Expands Utility of CardNav App to Cover Credit and Debit Cards

CO-OP Expands Utility of CardNav App to Cover Credit and Debit Cards

CO-OP has expanded the utility of the CardNav platform, allowing users to manage both debit and credit cards from a single account. CardNav is a card management and alert app that allows users to take more control of their various payment cards, whether that means setting a spending limit on a shared card or deactivating…

IDEMIA, Zwipe Partner on Simplified, Low-Cost Biometric Payment Card

IDEMIA, Zwipe Partner on Simplified, Low-Cost Biometric Payment Card

“… IDEMIA and Zwipe say that their solution will be distinguished by its relatively small number of components, with things like the Secure Element and the microcontroller all embedded in a single chip mounted on a flexible Printed Circuit Board.” IDEMIA and Zwipe have teamed up on a biometric payment card solution that they are…

FacePhi Gets €4M From Swiss Investment Firm

FacePhi Gets €4M From Swiss Investment Firm

Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued…

FIDO Alliance Calls for Better Identity Proofing Tech in Wake of House Hearing

FIDO Alliance Calls for Better Identity Proofing Tech in Wake of House Hearing

The FIDO Alliance received considerable praise during last week’s House hearing on Identity in Financial Services. Speaking before the US House of Representatives Committee on Financial Services on behalf of the Better Identity Coalition, Venable LLP’s Jeremy Grant identified three main challenges facing modern financial institutions, and argued that FIDO standards offer potential solutions to…

ID R&D Looks to Boost Sales with Trio of New Executives

ID R&D Looks to Boost Sales with Trio of New Executives

ID R&D has added a trio of new executives to its team. The company has announced that Steve Cook has signed on as the new Global Head of Business Development, while Kim Martin has joined as the new VP of Marketing and Scott Rosenthal is stepping in as the new Director of Sales, Financial Services.…

FacePhi Teams with Digitization Specialist Neoris

FacePhi Teams with Digitization Specialist Neoris

“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…

IDEMIA’s Motion Code Makes Southeast Asian Debut

IDEMIA’s Motion Code Makes Southeast Asian Debut

Malaysia’s RHB Banking Group has become the first financial services firm in Southeast Asia to officially adopt IDEMIA‘s Motion Code solution for payment cards. First announced back in 2017 by Oberthur Technologies – prior to its merger with Safran Identity and Security to form what is now IDEMIA – the Motion Code solution revolves around…

OneConnect and UBX to Develop Blockchain Platform for Small Business Loans

OneConnect and UBX to Develop Blockchain Platform for Small Business Loans

OneConnect is teaming up with UBX to develop a blockchain platform that will make it easier for small businesses to secure loans in the Philippines. UBX is the FinTech subsidiary of the Union Bank of the Philippines, while OneConnect is a subsidiary of China’s Ping An Group. The alliance will specifically target micro, small, and…

OneSpan Teams with Avaloq to Make Banking More Secure

OneSpan Teams with Avaloq to Make Banking More Secure

Avaloq and OneSpan are joining forces in an effort to deliver better anti-fraud services to financial institutions. Specifically, Avaloq will be integrating OneSpan solutions into its cloud-based security platform, making it easier for banks to introduce features like mobile authentication, transaction signing, and multi-factor authentication through open APIs.  “Avaloq is a strategic fit given our…

Major US Card Maker ABCorp Teams with NEXT Biometrics on EMV Cards

Major US Card Maker ABCorp Teams with NEXT Biometrics on EMV Cards

“[ABCorp] will work with NEXT Biometrics to develop biometric cards, the latter’s key focus area as the fingerprint-scanning payment card market begins to take shape.” NEXT Biometrics has attained another major new partner in its biometric cards efforts: The company has teamed up with ABCorp. Headquartered in Connecticut, ABCorp is involved in the design and…

IDEMIA and G+D Form Independent Alliance on Payments Industry Standards

IDEMIA and G+D Form Independent Alliance on Payments Industry Standards

IDEMIA is joining forces with G+D Mobile Security to form the White Label Alliance, a new, independent organization that will work to establish global standards for the payments industry. The standards will be based on existing EMV technology, and will cover all aspects of the industry, including payment cards, terminals, and mobile devices. “Supporting open…

Money20/20 Europe Aims to Spur Financial Industry Transformation

Money20/20 Europe Aims to Spur Financial Industry Transformation

This year’s Money20/20 Europe conference kicked off today, and it’s already shaping up to be one of the biggest industry events of the year. One indication of this is the number of speakers lined up to take the stage: More than 350 industry leaders will deliver talks throughout Money20/20 Europe’s keynotes, seminars, and sessions. And…

Mobile ID and the Future of Finance at Money20/20 Europe [Interview Roundup | UPDATED]

Mobile ID and the Future of Finance at Money20/20 Europe [Interview Roundup | UPDATED]

Mobile ID World and FindBiometrics are reporting live from Europe’s biggest financial industry conference, bringing you audio interviews with biometrics thought leaders. Money20/20 Europe kicked off Monday at Amsterdam’s RAI Convention Centre, and Mobile ID World was there to report on the festivities. The financial industry event, which this year boasts over 70 hours of…

Truxtun Capital Releases FIDO-Certified Payment Card with Acoustic Tech

Truxtun Capital Releases FIDO-Certified Payment Card with Acoustic Tech

Truxtun Capital has released a new payment card that leverages acoustic technology for an additional layer of security. The new Wega 3DSA 2.0 is available in the UK through the company’s partnership with the Manchester City Football Club, and is being billed as the first commercial deployment of a FIDO-certified payment card. “Truxtun’s Acoustic technology…

AI-Powered Automation Will Transform Financial Services: Nuance

AI-Powered Automation Will Transform Financial Services: Nuance

“Advanced solutions can result in more accurate and detailed reporting, improved compliance, empowered workforces, and a more satisfied client base.” – Mark Geremia, Vice President and General Manager, Dragon, Nuance Communications Nuance Communications has shared the results of its second annual survey of financial services professionals, finding that employees in the financial sector are increasingly…

Two New Financial Services Clients Highlight a Big Trend for BIO-key

Two New Financial Services Clients Highlight a Big Trend for BIO-key

“Both financial services organizations have embraced BIO-key’s PIV Pro fingerprint readers and ID Director software for employee authentication, using the biometric technology to regulate access to sensitive IT assets.” BIO-key has two new clients in the financial services sector, and the company’s leadership believe it’s a sign of more good things to come. The company…

Trust Stamp Brings on Former US Marshall to Lead Financial Crime Division

Trust Stamp Brings on Former US Marshall to Lead Financial Crime Division

Trust Stamp has tapped a longtime law enforcement veteran to serve as the company’s new Director of Financial Crime Services. John Bridge brings 34 years of experience to the position, including 25 years as a US Marshall. During that time, Bridge was at the forefront of financial crime investigation. He previously served as the Senior…

BRIEF: The Latest Developments in Biometric Payment Cards

BRIEF: The Latest Developments in Biometric Payment Cards

The emerging biometric payment cards market remains an area of intense focus for a number of fingerprint sensor specialists, FinTech stakeholders, and banks. Fingerprint-scanning payment cards are expected to be the next big wave in the world of financial services, enabling highly secure contactless transactions by authenticating cardholders as they tap to pay at a…

Jumio Renews Security Partnership with Monzo

Jumio Renews Security Partnership with Monzo

Jumio has renewed its award-winning partnership with Monzo. The two parties first teamed up back in 2017, with Jumio providing mobile onboarding and identity verification services for the digital bank based in the UK. The new multi-year agreement will solidify that relationship for the foreseeable future. “As Monzo continues to grow, we know that Jumio…

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