FinTech

Canadian Credit Unions Trial Alexa for Customer Banking Transactions

Canadian Credit Unions Trial Alexa for Customer Banking Transactions

Two Canadian credit unions are now testing a system that lets customers do their banking through Alexa, Amazon’s voice-based virtual assistant. The technology comes by way of Vancouver-based FinTech specialist Central 1, which developed it in collaboration with San Francisco design agency Point One Digital. Essentially, the idea is to make Alexa a customer service…

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…

INTERVIEW: NEXT Biometrics CEO Ritu Favre

Mobile ID World President Peter O’Neill recently had the opportunity to speak with Ritu Favre, CEO of NEXT Biometrics. The conversation starts with a review of her first year as the company’s leader and her major accomplishments in the role. The conversation moves on to the major security benefits of NEXT’s large area sensors and…

Financial Services Industry Veteran Joins BioCatch Board of Directors

Financial Services Industry Veteran Joins BioCatch Board of Directors

“Jay’s interest in joining BioCatch is a validation of the significant market potential for digital identity solutions like ours that enhance online security without disrupting the user experience.” – Howard Edelstein, BioCatch Chairman and CEO Behavioral biometrics specialist BioCatch has announced a new appointment to its board of directors: former JPMorgan Chase senior investor Jay Mandelbaum.…

Trulioo Launches GlobalGateway in the Philippines

Trulioo Launches GlobalGateway in the Philippines

Trulioo has launched its GlobalGateway platform in the Philippines. The platform is designed to facilitate mobile identity verification through its use of both document reading and facial recognition. Like similar solutions such as Jumio’s Netverify platform, GlobalGateway applies this technology through a standard mobile camera, allowing for an inexpensive, convenient, and reliable means of customer…

Jumio, Monzo Recognized for FinTech Collaboration

Jumio, Monzo Recognized for FinTech Collaboration

“Revolving around document reading and facial recognition, Jumio’s system can leverage an end user’s selfie camera to verify their identity, allowing for a fast and accurate verification process.” Jumio has won yet another industry award, this time with a partner: The company and its client Monzo took the top awards in the categories of “Financial…

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…

Jumio Reports Its Best Sales Quarter Yet

Jumio Reports Its Best Sales Quarter Yet

“The company attributes its Q2 success primarily to the APAC market, which it has targeted through a new Singapore office established this past March.” Jumio continues to be one of the great success stories of the authentication industry with the news that it has just finished its best sales quarter yet: Q2 saw a year…

BofA Merrill Brings Biometric Security to Corporate Mobile App

BofA Merrill Brings Biometric Security to Corporate Mobile App

Bank of America Merrill Lynch has brought fingerprint and facial recognition to its mobile app, CashPro Mobile. The biometric technology is used for mobile login, offering stronger security and greater convenience for end users. A lot of users stand to benefit from the move. Aimed primarily at treasurers in businesses, the CashPro app is used…

Dutch Cryptocurrency Market Delivers for Mitek

Dutch Cryptocurrency Market Delivers for Mitek

The emerging cryptocurrency market continues to deliver business to identity verification specialist Mitek. DXE is now using the company’s Mobile Verify ID document capture solution for customer onboarding. Based in the Netherlands, DXE is a new platform aimed at attracting newcomers to the world of cryptocurrency trading by making buying and selling easy for its…

Cryptocurrency Payment Card Protected by FPC Biometrics

Cryptocurrency Payment Card Protected by FPC Biometrics

“…the integration is another example of FPC’s ongoing efforts to diversify its business pursuits beyond the saturated mobile market in which it is a well-established player.” Fingerprint Cards‘ fingerprint sensor technology is being used to secure a new cryptocurrency payment card from Hong Kong-based MeReal Biometrics. In terms of its design, the “UKey” is very…

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…

Fit Pay Celebrates New Integrations, Promises More Big News

Fit Pay Celebrates New Integrations, Promises More Big News

NXT-ID subsidiary Fit Pay is on a roll, according to its President. Speaking on the Investorideas.com podcast, Fit Pay President Michael Orlando pointed to new fitness tracking products that feature Fit Pay contactless payments technology, and hinted at new developments to come. The recently launched products are both from Garmin. One is the Vivoactive 3…

Apple Pay Gets ‘Smooth Entry’ Into Norway

Apple Pay Gets ‘Smooth Entry’ Into Norway

Apple Pay has made it to Norway, launching in the country with the support of Nordea Bank, Santander Bank and Sbanken. The banks are allowing customers to upload their Mastercard, Visa, and debit cards to Apple’s biometrically secured mobile payments platform. Meanwhile, Danish merchant acquirer Clearhaus says it’s extending Apple Pay support across Norway-based online merchants.…

Small Merchants, Digitization to Drive mPOS Growth: Report

Small Merchants, Digitization to Drive mPOS Growth: Report

Mobile Point of Sale (mPOS) terminals are going to see huge growth over the next several years, and a small chunk of them are going to be biometric, according to a new market forecast from Juniper Research. The firm predicts that by 2023, almost one in four POS transactions will be on mobile POS devices.…

Goode Intelligence Predicts Serious Growth for Biometrics in Banking

Goode Intelligence Predicts Serious Growth for Biometrics in Banking

Goode Intelligence is predicting some serious growth for biometric technology in the banking sector. In a new report entitled “Biometrics for Banking: Market & Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition,” the market research firm predicts that by the end of 2020, 1.9 billion bank customers around the world will be using…

NXP Tech Brings mPayments to Classic Watch Design

NXP Tech Brings mPayments to Classic Watch Design

NXP Semiconductors has unveiled a new digital wallet system designed for easy integration into a range of potential hardware products. Developed in collaboration with Mastercard and Visa, the mWallet 2GO solution features NFC for contactless payments, a comprehensive Secure Element system, and functionality with the Mastercard Digital Enablement Service and Visa Token Service platforms. It…

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