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…
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…
“[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 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…
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…
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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 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…
“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…
“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 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…
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 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…
“This could prove to be an important step forward in online security as more and more payment transactions are performed over online channels.” The biggest industry associations in the fields of payments, the internet, and authentication have announced a new cross-industry interest group aimed at fostering security and interoperability for online payments. The groups involved…
A new report from Fiserv suggests that modern consumers are starting to demand better digital banking experiences. In a survey of 1,000 financial services customers in the UK, the organization found that a whopping 86 percent of respondents would consider leaving their current financial institution if it was difficult to access their account online. That…
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.…
“Thirty women will be chosen to participate, giving them access to “bespoke content sessions and exclusive networking opportunities” during the Money20/20 Europe event…” Money20/20 organizers are bringing their ‘Rise Up’ empowerment program for women to the European conference. Announced on International Women’s Day, the Rise Up program for Money20/20 Europe is being launched in collaboration…
In recent years, more and more financial institutions have turned to biometric technology to improve security and customer service, incorporating solutions that range from voice banking software to facial recognition scans at ATMs. However, a new report from OneSpan suggests that it will take a considerable push to make the full transition to biometric authentication…
ENACOMM is bringing Voice Banking to Central Minnesota. The company has announced a new partnership with Star Bank, a family-owned, independent bank that is now upgrading its financial offerings. Star Bank has adopted ENACOMM’s Interactive Voice Response (IVR) system, allowing its customers to seamlessly access account information and perform secure transactions over the phone. “We…
In the first episode of the Mobile ID World podcast, host Peter Counter is joined by Maxine Most, Principal, Acuity Market Intelligence. Peter and Max discuss the recently completed FindBiometrics Year in Review, delving deep into some of the annual survey’s more interesting results. From the rise of facial recognition and what’s next for mobile…
