financial services

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…

Enacomm Deploys AI Chatbot Solution with Alabaman Bank

Enacomm Deploys AI Chatbot Solution with Alabaman Bank

Customers of Alabama’s Bank Independent can now access their banking services via an AI-driven virtual assistant based on Amazon’s Alexa platform. That includes checking their account balances, performing transactions, and receiving information about loans, bank hours, and more; and the system can even perform biometric authentication using voice recognition. The technology arrives via Enacomm’s VPA,…

FinTech Solutions Provider Becomes Latest FacePhi Partner

FinTech Solutions Provider Becomes Latest FacePhi Partner

“…FacePhi has emerged as a leader in the Latin American market in particular, reporting a 307 percent year-over-year profit increase in its corporate update at the start of this year.” A new distribution partner should help to further extend FacePhi‘s reach in the Latin American market. The company has teamed up with Bantotal, a Uruguay-based…

Biometric Onboarding Comes to TransferGo

Biometric Onboarding Comes to TransferGo

London-based remittance company TransferGo is taking advantage of selfie-based biometric customer enrollment, care of Onfido. Onfido’s solution will allow newcomers to the TransferGo platform to sign up simply by taking images of their official identity documents, and themselves. Onfido’s facial recognition technology is designed to compare and match the images, ensuring that the submitted IDs…

BBVA Embraces Selfie-Based Enrollment

BBVA Embraces Selfie-Based Enrollment

“The system operates through the BBVA mobile app, and the bank says that 27 percent of its new customers have used it to join the bank.” Spain-based BBVA has become the latest financial services provider to embrace selfie-based biometric enrollment. The technology was developed more or less in-house, by Veridas, a tech company that spun…

INTERVIEW: Conor White, President – Americas, Daon

INTERVIEW: Conor White, President – Americas, Daon

When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…

Financial Services Must Embrace AI, Automation to Compete Against Disruptors: Report

Financial Services Must Embrace AI, Automation to Compete Against Disruptors: Report

“…45 percent of the financial services firms surveyed for the report said that they see major tech companies like Apple and Google as their key competitors over the next five years.” AI and smart automation could add up to $512 billion in revenues to the financial services industry over the next couple of years, according…

New Backbase Partnership Could Further Boost Jumio in Financial Sector

New Backbase Partnership Could Further Boost Jumio in Financial Sector

“The companies already share some common customers including HSBC and Metro Bank, but the partnership could help to further expand Jumio’s client roster.” A new distribution partner could give a further boost to Jumio‘s ongoing ascent. The company has teamed up with Backbase, a financial digitization consultancy that offers a range of FinTech solutions to…

Biometrics a Key Topic at U.S. Payments Forum Event

Biometrics a Key Topic at U.S. Payments Forum Event

Biometrics and other innovative methods of authentication will be a key topic at the July Member Meeting of the U.S. Payments Forum, a non-profit cross-industry alliance that encompasses the whole payments ecosystem. Organizers have announced the agenda for this year’s event, and it’s going to kick off with a plenary panel entitled, “Next Generation Consumer…

Sensory Anticipates Mass Adoption ‘Tipping Point’ for TrulySecure

Sensory Anticipates Mass Adoption ‘Tipping Point’ for TrulySecure

“Operating through a standard mobile device, TrulySecure combines facial and voice recognition to identify the end user. It’s now being used in mobile apps from a number of financial services providers including Alior, Banorte, ICICI, Maybank, Mizuho Bank, and Qatar Islamic Bank.” Sensory Inc. is celebrating the growing ubiquity of its TrulySecure platform, announcing that…