FinTech

GSMA: Mobile Money Industry Processed $2 Billion in Daily Transactions in 2019

GSMA: Mobile Money Industry Processed $2 Billion in Daily Transactions in 2019

The GSMA has released its annual report on the state of the mobile money industry. The report found that there are now more than one billion registered mobile money accounts worldwide, and that the industry as a whole processed roughly $2 billion in transactions every day in 2019. The number of active accounts is only…

Apple Card Privacy Policy Changes to Share More Data with Goldman Sachs

Apple Card Privacy Policy Changes to Share More Data with Goldman Sachs

Apple is changing the privacy policy of its Apple Card in order to share more user data with its financial partner, Goldman Sachs – but for many, that might be a good thing. Apple says that the data to be shared will be aggregate and anonymized, and is aimed at giving Goldman Sachs more clarity…

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…

Mastercard and Samsung Boost Digital Inclusion with Pay on Demand Platform

Mastercard and Samsung Boost Digital Inclusion with Pay on Demand Platform

Mastercard has formed a global partnership with Samsung that will make the Pay on Demand platform more readily accessible to consumers and small businesses in emerging markets. The Pay on Demand platform allows consumers to gain access to devices on a pay-as-you-go basis, and is part of a broader effort to raise digital inclusion around…

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…

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…

Google, Selfie Authentication, 5G and More in This Week’s Top Mobile ID Stories

Google, Selfie Authentication, 5G and More in This Week’s Top Mobile ID Stories

Another richly varied week in mobile identity news is once again reflected in this week’s roundup of Mobile ID World’s top stories. Topics covered in this group span across security keys, FinTech, 5G, and more. The most popular story of the week comes as little surprise. Google had announced an open source initiative aimed at…

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…

IDEX Receives More Patents for On-Card Enrollment System

IDEX Receives More Patents for On-Card Enrollment System

IDEX Biometrics has increased the potential scope of its on-card enrollment solution with new patents in the United States and Germany. The patents detail alternative ways to register a user’s fingerprint to a biometric smart card, and expand on the company’s existing biometric enrollment system. That system was patented in the United States, Australia, and…

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…

QRails Brings Samsung Pay Benefits to UK Football Fans

QRails Brings Samsung Pay Benefits to UK Football Fans

QRails has teamed up with Samsung Pay to improve the loyalty programs for several football clubs in the UK. The partnership will allow fans of Queens Park Rangers, Swindon Town, and Peterborough United to add a club-branded debit Mastercard to a Samsung Pay account, which will then allow them to use Samsung Pay to complete…

Biometrics and Politics in This Week’s Top Stories Roundup

Biometrics and Politics in This Week’s Top Stories Roundup

Biometric payment tech is once again a hot topic in this week’s roundup of Mobile ID World’s most popular stories, and there’s even a bit of politics in the mix, to boot. First, though, is the news of Simeio Solutions’ recently launched identity verification app. Dubbed the ‘Simeio Identity Vault’, the app relies on facial…

CULedger Celebrates Pilot of Biometric MyCUID Solution for Credit Unions

CULedger Celebrates Pilot of Biometric MyCUID Solution for Credit Unions

The Credit Union Service Organization (CUSO) CULedger has completed a successful pilot of its new MyCUID digital credential. MyCUID is compliant with the latest Know Your Customer regulations, and uses mobile biometrics to verify the identities of credit union customers. The platform leverages the biometric readers available on many modern smartphones, and can authenticate users…

Trulioo Brings ID Verification Tech to Ghana and Nigeria

Trulioo Brings ID Verification Tech to Ghana and Nigeria

Trulioo’s mobile identity verification services are now available to customers in Nigeria and Ghana. The news will greatly expand Trulioo’s presence in Africa, and facilitate its efforts to raise financial inclusion through the creation of secure digital identities. “Financial institutions are reluctant to do business with citizens who lack a verified digital identity, as it…

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…

FPC Teams with Valid on Biometric Payment Cards

FPC Teams with Valid on Biometric Payment Cards

Fingerprint Cards has a new partner in its efforts to target the emerging biometric payment cards market: the company has announced a new partnership with Valid that will see the latter take advantage of FPC’s T-Shape fingerprint sensor module for smart card applications. Valid originally started up in Brazil over half a century ago as…

Apple Pay Extends Reach in Europe

Apple Pay Extends Reach in Europe

Apple Pay has now arrived in Bulgaria and Belarus. Apple’s biometrically secured mobile payments platform arrived in the former country via First Investment Bank, or Fibank, earlier this month; in Belarus, meanwhile, the platform has just launched with the support of BPS-Sberbank. As 9to5Mac reports, this is the domestic arm of the major Russian bank…

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