Identity news

Identity headlines

Signicat Introduces InstantKYC and InstantKYB for smooth onboarding

18 Apr

ATB Ventures partners thirdstream to scale adoption of ID verification platform

16 Apr

Entrust closes Onfido acquisition

09 Apr

ATB Ventures partners Government of Alberta on digital ID verification

02 Apr

Hazy and Unbanx launch ethical synthetic data cooperative

15 Mar

ID fraud may account for 50% of all bank-reported fraud by 2025

12 Mar

Tarabut streamlines open banking onboarding at Benefit

07 Mar

Uqudo and Tamara join forces to revolutionize identity verification in BNPL transactions

05 Mar

Payments fintech Purse completes acquisition of ID firm ReachFive

05 Mar

IDVerse introduces FraudHub

05 Mar

More /identity announcements »

NextGen Nordics 2024: Can behavioural biometrics fix fraud?

Moderating her second panel of the day - Fraud prevention and AML: the need for behavioural biometrics in this instant age - Finextra’s senior reporter Niamh Curran spoke to Megan Heald, senior project manager at NICE Actimize, John Sam-Kubam, senior vice president at Crown Agents Bank, Beju Shah, head of Nordic centre at the Bank of International Settlements, and Robert Woods, director international market planning and financial services SME at LexisNexis® Risk Solutions.

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Emirates NBD carries out PoC for digitally native trade documents

Upcoming changes in PSD3: The impact on 3DS ACS solutions

EBAday 2024: The future of CBDCs, tokenised deposits and stablecoin adoption

Insurers target crypto market

David Birch confirmed as EBAday 2024 challenge speaker

UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

TransUnion launches AI-powered data analytics platform

MPE 2024: What does a smart city look like?

MPE 2024: What will be the impact of a digital euro?

NextGen Nordics 2024: What to expect from this year's conference

[Webinar] Cross Border Payments: Hitting G20 targets for speed, cost, and transparency

[Webinar] Cross Border Payments: Hitting G20 targets for speed, cost, and transparency

Identity blogs

Data Management and Governance

Why those in financial services must spring clean their customer databases

Barley Laing

Barley Laing - Melissa - London

Personnel Management

Unveiling the Dual Nature of Communication: A Leadership Perspective

Jose Pierre

Jose Pierre - Marketware International, Inc. - Holmdel

Innovation in Financial Services

If you don't know where you are going, any road will do..

Bo Harald

Bo Harald - Transmeri, Demos, Real Time Economy Program,MyData - Helsinki Region

Innovation in Financial Services

If you have a hammer..

Bo Harald

Bo Harald - Transmeri, Demos, Real Time Economy Program,MyData - Helsinki Region

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Latest TV

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Upcoming changes in PSD3: The impact on 3DS ACS solutions

Yogesh Patel, CTO at Outseer, discusses the impact of new PSD3 regulations on 3DS solutions, what should be front of mind for issuers as a result and what to expect from the VISA & Mastercard protocol updates. We hear how data science plays a role with 3DS solutions, the key capabilities to expect from an ACS and how consortium data can help catch more fraud, specifically for CNP transactions.

The Innovation Pushing Digital Identity Forward: Part 2

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series. Continuing their discussion, they examine innovations driving digital identity including blockchain, offline verification of identity, anonCreds, privacy-protecting technology, linked secrets, and zero knowledge proofs.

The Innovation Pushing Digital Identity Forward: Part 1

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series, discussing digital identity, covering the topics of self-sovereign identity (SSI) and Sovrin, verifiable credentials (VCs), the use of blockchain for identity, scalability of blockchain-based identity, and resilience.

The emergence of risk orchestration technology

Speaking at Trust:Live 2023, LexisNexis® Risk Solutions Market Planning Director, Chris Foye, discusses how risk orchestration technology is transforming the way in which organisations evaluate and build digital trust with their customers.

The long read

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Madhvi Mavadiya

Identity verification: How to strike a balance between speed and security

Madhvi Mavadiya - Finextra Research

Discussion

EBAday 2024: The future of CBDCs, tokenised deposits and stablecoin adoption

Jeremy Light

Jeremy Light

"we must not forget the contribution that retail central bank money has made to monetary and financial stability." The BoE ties itself in knots trying to justify a retail CBDC - in the same speech the deputy governor admits that cash has dropped from around two-thirds of transactions twenty years ago to 14% in 2022. This drop has had no impact on monetary or financial stability and it demonstrates consumers have no preference for central bank money over commercial bank deposits (and I doubt most have any idea of the difference risk profiles of the two). In the past, cash was a source of instability as it provided a mechanism for a bank run, with depositors able to withdraw their savings en masse. Nowadays, if a bank is in trouble depositors are highly unlikely to withdraw cash at scale but instead transfer deposits electronically to other banks (as happened with Northern Rock in 2008) - the banking system may freeze up for a while as banks refuse to lend reserves to each other when large volumes of deposits are transferred between banks, but the total value of deposits in the banking system remains the same and locked-in without cash withdrawals. A retail CBDC would reintroduce this stability risk if depositors are able to withdraw deposits instantly out of the banking system electronically into a retail CBDC, causing a run on multiple banks. The interesting aspect of this speech is that a wholesale CBDC is gaining traction in the BoE's plans. A wholesale CBDC is in the sweetspot of a central bank and has some real benefits - hopefully the BoE will focus more on a wholesale CBDC and quietly kick the retail CBDC idea into the long grass.

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UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

Andrew Smith

Andrew Smith

I think some of the commentary in here shows a lack of understand of privacy and the challenges. It also shows a lack of understanding on how you can deliver trust without compromising on privacy. It's a grave concern that we still do not understand the importance of digital privacy, without it we are all exposed to a host of issues.

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MPE 2024: What will be the impact of a digital euro?

A Finextra Member

A Finextra member

Much indeed. But to my conjecture,society is already controlled digitally. Does your bank tell you how much you can withdraw daily? private companies have rules that restrict free movement. CBDCs will match the governance of each country but more so this technology empowers economies globally who have been disenfrenchised for generation. The dollar has restricted and weakened economies globally to only buy goods and services at a cheaper rate. A reshift is necessary.

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If you don't know where you are going, any road will do..

Bo Harald

I assume that you agree with the importance of both having a shared mission - and the importance of Trust over IP, Self-sovereign Identity and the work in Open Wallet Foundation.

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Featured

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Klarna rolls out autofill consumer verification data service

Mastercard bids to kill passwords with new biometric service

Finextra's top impact study reports of 2023

Finextra's year in review

The long read

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Níamh Curran

The Future of Digital Identity: Separating the digital from the individual

Níamh Curran - Senior Reporter - Finextra

Elsewhere...

The long read

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Hamish Monk

The Future of Digital Identity 2022: Equitable development and accessing digital identity

Hamish Monk - Writer - Finextra