financial services

HUMBL and DIPL Team Up to Provide India with Better Mobile Financial Services

HUMBL and DIPL Team Up to Provide India with Better Mobile Financial Services

The U.S. fintech company HUMBL is entering the Indian market through a strategic partnership with Digital India Payments Limited (DIPL). DIPL currently provides payment processing services at more than 30,000 locations in India, and at additional locations in Nepal, Bangladesh, the Maldives, Myanmar, and Sri Lanka. HUMBL, meanwhile, is a mobile payments specialist. The company…

FATF Highlights FIDO Standards in Latest Digital Identity Guidelines

FATF Highlights FIDO Standards in Latest Digital Identity Guidelines

The FIDO Alliance is calling attention to a recent report from the Financial Action Task Force (FATF). The FATF is comprised of international financial regulators, and FATF Recommendations set the industry standard for anti-money laundering and counter-terrorist financing best practices. In that regard, the organization’s latest “Guidance on Digital Identity” is noteworthy because it placed…

FacePhi Partners with Santander Argentina

FacePhi Partners with Santander Argentina

Another Argentinian bank has chosen to adopt FacePhi’s SelphID onboarding solution. The facial recognition specialist has announced that it is teaming up with Santander Argentina and Compusistem, the latter of which is the technological partner for the bank. SelphID uses face and document recognition to compare a selfie to the photo on an official ID…

Aware Provides Knomi Authentication for Multiple Latin American Banks

Aware Provides Knomi Authentication for Multiple Latin American Banks

Aware, Inc. is expanding its presence in Latin America. The technology specialist is now providing biometric authentication for a slew of leading banks throughout the region. The company did not disclose the names or number of its current partners, but indicated that they had all integrated Aware’s Knomi authentication platform into their mobile banking apps.…

Hitachi Teams Up with VietCredit to Automate Loan Process in Vietnam

Hitachi Teams Up with VietCredit to Automate Loan Process in Vietnam

Hitachi is teaming up with the VietCredit Finance Company to explore the potential for digital financial services in Vietnam. The companies are specifically hoping to use AI to automate key pieces of the personal loan applications process, allowing the financial institution to turn those applications around more quickly. To that end, Hitachi and VietCredit will…

American Express Exec Bolsters Trulioo Board of Directors

American Express Exec Bolsters Trulioo Board of Directors

Lisa Stanton has officially become the latest member of the Trulioo Board of Directors. Stanton has more than twenty years of experience in the payments industry, with prior stops at Citizens Financial House (where she served as the SVP of Payments and Distribution) and InAuth (where she served as CEO). She is currently a member…

Jumio Provides Mobile Onboarding for CIMB Bank Philippines

Jumio Provides Mobile Onboarding for CIMB Bank Philippines

Jumio is providing secure identity verification and onboarding services for CIMB Bank Philippines. The all-digital bank will specifically be deploying Jumio’s portfolio of selfie-based authentication solutions, which will significantly reduce the amount of time mobile customers need to open new accounts. To that end, CIMB noted that it is the fastest-growing digital bank in the…

Entersekt and Netcetera Help German Banks Secure e-Commerce Transactions

Entersekt and Netcetera Help German Banks Secure e-Commerce Transactions

Entersekt is now providing secure authentication technology for two Austrian card issuers and an unspecified number of German banks. The integrations are being delivered through Entersekt’s pre-existing partnership with Netcetera, a payments specialist that has in turn implemented Entersekt’s authentication tech for Bank-Verlang. Bank-Verlang provides digital services for financial institutions in Germany. “We were on…

IDEMIA Deploys Motion Code Tech in New Credit Card in Spain

IDEMIA Deploys Motion Code Tech in New Credit Card in Spain

IDEMIA has teamed up with Mastercard and Deutsche Bank to place its Motion Code technology in a new credit card in Spain. The new card has been dubbed the Tarjeta Calma. So what makes Motion Code so significant? Traditional credit cards have a static three-digit CVV code on the back of the card, which usually…

Mastercard Launches Digital ID Pilot Program in Australia

Mastercard Launches Digital ID Pilot Program in Australia

Mastercard is moving forward with a pilot of a new digital identity service that would facilitate secure identity checks in digital and real-world settings. The first tests will be carried out in Australia, and specifically at the Australia Post and Deakin University. The new solution was designed as a replacement for physical ID documents. To…

Thales Explains How Tokenization will Improve Credit Card Security

Thales Explains How Tokenization will Improve Credit Card Security

Thales has shed some light on the future of cybersecurity with a new blog post that explains how the financial industry is leveraging tokenization technology to reduce the threat of data breaches and online credit card fraud. The company notes that while PINs and chips have lowered the amount of fraud that is carried out…

Majority of Brits are Ready to Ditch the Password: Survey

Majority of Brits are Ready to Ditch the Password: Survey

A majority of Brits are in favor of replacing passwords with biometric authentication, suggests new survey data from Equifax. Conducted by OnePoll in October, the Equifax-commissioned survey polled a representative sample of 2,000 adults in Great Britain on their attitudes toward biometrics. Fifty-seven percent of respondents said they would be happy to stop using passwords…

Financial Services, Smart Cards, and Video Games in This Week’s Top Stories Roundup

Financial Services, Smart Cards, and Video Games in This Week’s Top Stories Roundup

Payments and financial services are key themes in this week’s roundup of Mobile ID World’s most popular stories. Apple’s mobile payments platform, for example, got reader attention with its ongoing expansion in the wake of Apple’s launch of its own mobile-first credit card: Apple Pay Extends Reach in Europe And a bona fide credit card…

Buguroo Rakes in $11 Million Series A Funding

Buguroo Rakes in $11 Million Series A Funding

Cybersecurity firm Buguroo has announced an $11 million dollar Series A funding round that will help it to accelerate the development of its Deep Learning-based online fraud detection and prevention platforms, and allow it to focus on an expansion into the U.S. and U.K. markets, among others. The funding for the Madrid-based Buguroo was led…

b-sharpe Turns to Onfido for Secure Onboarding

b-sharpe Turns to Onfido for Secure Onboarding

The Swiss company b-sharpe has turned to Onfido for secure onboarding and identity verification. b-sharpe is an online currency exchange platform that provides individuals and businesses with transparent pricing for currency exchanges. The company has cleared 1 billion Swiss Francs in transactions for 14,000 customers, and claims to save those customers around 70 percent when…

Signicat Lets Twikey Customers Authorize Payments with e-Signatures

Signicat Lets Twikey Customers Authorize Payments with e-Signatures

Signicat has partnered with the SEPA specialist Twikey to make it easier for customers in Belgium and the Netherlands to authorize recurring payments. The partnership leverages Signicat’s secure e-signature technology, and allows for the creation of payment agreements that are compliant with Single European Payment Area (SEPA) mandates. The SEPA mandate is an authorization tool…

Biometric Smart Cards Month: The Payment Cards Puzzle is Solved

Biometric Smart Cards Month: The Payment Cards Puzzle is Solved

Last week, Mobile ID World kicked off Biometric Smart Cards Month with an overview of the industry trends and technological developments that led to the emergence of this compelling new technology. This week, we’ll take a closer look at the specific technologies in play in the world of biometric payment cards in particular, which are…

I-Remit Turns to Jumio for Digital Identity Verification

I-Remit Turns to Jumio for Digital Identity Verification

Jumio has found another customer for its secure digital onboarding technology. The Filipino remittance provider I-Remit is deploying Jumio Identity Verification to safeguard its IREMITX digital channel, which allows I-Remit users to transfer money online without needing to pay a visit to a physical branch location. IREMITX is particularly popular with the 10 million Filipino…

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