financial services

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…

EMVCo, W3C, and FIDO Alliance Form Online Payments Security Interest Group

EMVCo, W3C, and FIDO Alliance Form Online Payments Security Interest Group

“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…

BioCatch: Behavioral Biometrics Can Prevent Fraud with Faster Payments

BioCatch: Behavioral Biometrics Can Prevent Fraud with Faster Payments

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.…

Money20/20 Brings ‘Rise Up’ Program to Europe, Further Empowering Women in Finance

Money20/20 Brings ‘Rise Up’ Program to Europe, Further Empowering Women in Finance

“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…

Financial Institutions Still Rely on Vulnerable Password Security: Report

Financial Institutions Still Rely on Vulnerable Password Security: Report

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…

Star Bank Teams with ENACOMM to Bring Voice Banking to Minnesota

Star Bank Teams with ENACOMM to Bring Voice Banking to Minnesota

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…

Mobile ID World Podcast, Episode 1: Biometrics in 2018

Mobile ID World Podcast, Episode 1: Biometrics in 2018

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…

Canadian Bankers Association Makes Case for Aadhaar-style Digital ID

Canadian Bankers Association Makes Case for Aadhaar-style Digital ID

The Canadian banking sector’s leading business association is calling for the creation of a digital identity system for use in the nation’s financial services. Founded toward the end of 1891, the Canadian Bankers Association is an integral position in the discourse between the country’s banks and government authorities. And it has published a new video…

Danal Attains Comprehensive MNO Support for Mobile Identity Platform in UK

Danal Attains Comprehensive MNO Support for Mobile Identity Platform in UK

“The UK is a key market for Danal and more importantly for our customers. Moving to full market coverage is always a key milestone for us in each country. The expansion of UK coverage has already led to an increased demand for services, mirroring that of our market position in the US.” – Jim Greenwell,…

Socure-Alloy Risk Assessment Solution Cuts Online Bank’s Fraud

Socure-Alloy Risk Assessment Solution Cuts Online Bank’s Fraud

Digital identity specialists Socure and Alloy have joined forces to offer a combined authentication solution aimed at financial institutions, the companies have announced. The solution revolves around risk scoring, with Socure and Alloy elaborating in a statement that it “combines Socure’s predictive analytics platform and Alloy’s decisioning engine with multiple online, offline and other data…

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