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…
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…
Signicat has teamed up with SurePay to give Dutch customers more confidence when delivering payments. The joint solution blends Signicat’s Digital Identity Platform with SurePay’s Account Check service to make sure that payments reach the intended recipient. The service is primarily geared towards employers and other large organizations, and cross-references a payee’s personal information with…
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…
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…
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 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…
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…
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…
“…just as younger consumers tend to show a higher preference for mobile banking, those in the 18-34 age range tend to prefer using the biometric authentication capabilities of those devices, whereas older survey respondents showed more of a preference for security questions.” Customers are increasingly accessing financial services on mobile devices, and providers need to…
Money20/20 organizers have officially announced the return of their China-based event. First launched last year, Money20/20 China drew a crowd of over 2000 professionals from 53 countries. Now, organizers say that Money20/20 2019 will have capacity for more than 2500 people, and will feature over 300 speakers. Organizers have also revealed an ambitiously wide-ranging slate…
CO-OP has expanded the utility of the CardNav platform, allowing users to manage both debit and credit cards from a single account. CardNav is a card management and alert app that allows users to take more control of their various payment cards, whether that means setting a spending limit on a shared card or deactivating…
“… IDEMIA and Zwipe say that their solution will be distinguished by its relatively small number of components, with things like the Secure Element and the microcontroller all embedded in a single chip mounted on a flexible Printed Circuit Board.” IDEMIA and Zwipe have teamed up on a biometric payment card solution that they are…
Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued…
The FIDO Alliance received considerable praise during last week’s House hearing on Identity in Financial Services. Speaking before the US House of Representatives Committee on Financial Services on behalf of the Better Identity Coalition, Venable LLP’s Jeremy Grant identified three main challenges facing modern financial institutions, and argued that FIDO standards offer potential solutions to…
ID R&D has added a trio of new executives to its team. The company has announced that Steve Cook has signed on as the new Global Head of Business Development, while Kim Martin has joined as the new VP of Marketing and Scott Rosenthal is stepping in as the new Director of Sales, Financial Services.…
“The partnership will see Neoris use FacePhi’s biometric technologies used in digitization projects with its clients.” A new strategic partnership could help FacePhi to further expand its reach in the financial services sector. The company has teamed up with Neoris, a Miami-based digitization consultancy with a strong focus on FinTech. The partnership will see Neoris…
Malaysia’s RHB Banking Group has become the first financial services firm in Southeast Asia to officially adopt IDEMIA‘s Motion Code solution for payment cards. First announced back in 2017 by Oberthur Technologies – prior to its merger with Safran Identity and Security to form what is now IDEMIA – the Motion Code solution revolves around…
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…
