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…
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…
“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,…
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…
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,…
“…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…
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…
“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…
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…
“…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…
“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 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…
“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…
