FinTech

OneSpan Launches AI-Driven ‘Risk Analytics’ Solution

OneSpan Launches AI-Driven ‘Risk Analytics’ Solution

OneSpan has launched a new Risk Analytics solution aimed at the financial services sector. It’s a cloud-based, open API platform that leverages AI to spot potential fraud attempts. Backed by machine learning, its AI system is designed to assess a range of metrics including device information, transaction data, and user behavior in order to deliver…

NEXT Biometrics Teams with RuPay-Certified Card Maker

NEXT Biometrics Teams with RuPay-Certified Card Maker

“…we are in the process of building a sustainable network with leading players in the smart card ecosystem to commercialize biometric dual interface technology in the banking sector and beyond.” – Alain Faburel, Chief Sales and Marketing Officer, NEXT Biometrics NEXT Biometrics has another partner in the emerging biometric payment cards market: The company has…

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…

HID Global Was Top Seller on Temenos Marketplace in 2018

HID Global Was Top Seller on Temenos Marketplace in 2018

“In 2018, our customers bought more solutions from HID than any other provider, underlining the strength of its security offering.” – Ben Robinson, Chief Strategy Officer, Temenos A new plaudit from banking software provider Temenos suggests that financial services organizations are flocking to HID Global‘s security solutions. The organizations have announced that HID Global was…

NEXT To Sample Dual Interface Biometric Payment Cards in Early Q2

NEXT To Sample Dual Interface Biometric Payment Cards in Early Q2

“…independent market research has indicated that the biometric smart cards market could reach $800 million in 2022, with biometric payment cards accounting for 60 percent marketshare.” NEXT Biometrics will start sampling its dual interface biometric payment card in the first half of this year. More specifically, the company has asserted that sampling will begin “early…

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…

ICBC Signs On for Another Three Years with Gemalto

ICBC Signs On for Another Three Years with Gemalto

China’s largest bank is sticking with Gemalto for its payment cards, with the latter announcing that ICBC has awarded it a three-year contract. The agreement concerns major card brands including Amex, China UnionPay, JCB, Mastercard, and Visa. In a statement announcing the agreement, Gemalto highlighted the popularity of payment cards in China, noting that almost…

Mobile Payments Continue to Climb as Biometrics Boom Continues: Goode

Mobile Payments Continue to Climb as Biometrics Boom Continues: Goode

“This trend is part of the larger mobile biometrics boom, with Goode Intelligence forecasting in its report that mobile biometric payments will amount to $1.67 trillion per annum by the end of the forecast period.” Mobile payments are going to keep climbing as the mobile biometrics boom continues to unfold in the world of financial…

Enacomm Gets Another Reseller for VPA, EFS Solutions

Enacomm Gets Another Reseller for VPA, EFS Solutions

“Carousel Industries will offer its clients Enacomm’s Virtual Personal Assistant solution as well as the Enacomm Financial Suite, an automated interactive voice response system that also features biometric voice recognition.” Another distribution partner should help to further extend the reach of Enacomm’s virtual assistant technology. The company has teamed up with Carousel Industries, an ICT consultancy…

Allied Irish Banks Implements Voice Biometrics From Nuance

Allied Irish Banks Implements Voice Biometrics From Nuance

“…the move was also a response to enthusiasm that customers demonstrated for the biometric authentication technology used in AIB’s mobile app.” One of Ireland’s biggest banks has implemented voice recognition technology from Nuance Communications for customer authentication. Thanks to the newly implemented system, Allied Irish Banks customers who register for voice authentication can confirm their…

FinTech Firm’s AI System Nears Human-Level Reading Comprehension in Stanford Test

FinTech Firm’s AI System Nears Human-Level Reading Comprehension in Stanford Test

The FinTech subsidiary of a major Chinese insurance and financial services company has developed an AI system that can read text almost as well as a human can, according to recent test results. The AI system, GammaLab, was developed by OneConnect, a subsidiary of Ping An Insurance. The test in question, meanwhile, is the Stanford…

Mastercard, Microsoft to Collaborate on Digital Identity Service

Mastercard, Microsoft to Collaborate on Digital Identity Service

“…their service will be focused on the areas of financial services, digital commerce, government services, and consumer-focused online services like music streaming and social media.” Mastercard and Microsoft have announced that they’re teaming up on a digital identity project. What exactly this project will entail is pretty vague at the moment. In a statement, the…

Competition Commission Raids Swiss Banks Over Alleged Collusion Against Apple Pay, Samsung Pay

Competition Commission Raids Swiss Banks Over Alleged Collusion Against Apple Pay, Samsung Pay

Switzerland’s Competition Commission, WEKO (for “Wettbewerbskommission”), has raided the offices of Credit Suisse, UBS, TWINT, and other domestic financial services providers in a probe concerning unfair business practices toward mobile payments platforms including Apple Pay and Samsung Pay. WEKO says it is investigating the possibility that these organizations have organized a boycott of the mobile…

Zwipe Partners with Allcard, Gets Foothold in Emerging Philippines Biometric Card Market

Zwipe Partners with Allcard, Gets Foothold in Emerging Philippines Biometric Card Market

“The companies said that they anticipate initial trials with some of those leading banks to begin in the first quarter of next year…” A new corporate partnership has given Zwipe a foothold in the Philippines market for biometric payment cards. The company has teamed up with Allcard, a Mastercard- and Visa-accredited, end-to-end card solutions provider…

Trustonic’s TAP Solution Delivers Ksmarttech OTP Security to iOS

Trustonic’s TAP Solution Delivers Ksmarttech OTP Security to iOS

“In collaboration with Ksmartech, we are increasing mobile security while also making apps faster and easier to use.” – Ben Cade, CEO, Trustonic Ksmartech, a Korea-based provider of One-Time Password (OTP) authentication security, has teamed up with Trustonic to enhance its flagship offering. The company has integrated Trustonic Application Protection into its solution, allowing it…

Gemalto Wins F&S Global Digital Banking Solutions Company of the Year Award

Gemalto Wins F&S Global Digital Banking Solutions Company of the Year Award

Growth consultancy firm Frost & Sullivan has recognized Gemalto with the 2018 Global Digital Banking Solutions Company of the Year Award, the company has announced. The award is primarily in recognition of Gemalto’s Digital Banking Suite, a platform designed to provide financial services companies with multi-factor authentication, behavioral analytics, encryption, and other security tools for their mobile…

BehavioSec Behavioral Biometrics Platform Gets an Upgrade

BehavioSec Behavioral Biometrics Platform Gets an Upgrade

“The system’s operation has also been streamlined, with new threat detection algorithms having reduced the number of end user interactions needed to recognize individuals and potential threats.” BehavioSec has upgraded its behavioral biometrics platform. Version 5.0 of the BehavioSec Behavioral Biometrics Platform is now able to detect the use of Virtual Private Networks and TOR-routed…

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,…

Open Banking APIs Create Opportunities For Fraudsters: BioCatch

Open Banking APIs Create Opportunities For Fraudsters: BioCatch

While it’s undoubtedly seen as a regulatory obstacle by many organizations, the European Union’s PSD2 is helping to pave the way for open banking, requiring financial institutions to allow Third-party Payments Providers, or TPPs, to interface with them via APIs. This represents an opportunity to foster greater fluidity and convenience in banking for consumers, but…

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