Latest Authentication News: Finextra Research

Cyber-crime best tackled by international co-operation

Joining day two of the World Conference of Banking Institutes, Ian Dyson - Commissioner of the City of London Police addresses the challenges of cyber-crime in this period of digital disruption. In addition to the uncertainty surrounding Brexit and the potential no-deal outcome, the question of balancing privacy with data protection remains a critical priority for financial institutions in 2019.

18 September 2019

News/regulation

Goldman, Citi and Santander invest in ID verification outfit Trulioo

Big-name financial services players Goldman Sachs, Citi and Santander have joined a funding round for Canadian identity verification outfit Trulioo.

17 September 2019

Company update/security

JPMorgan Chase boosts email authentication with Entrust Datacard

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, today announces its contribution to the first issuance of a new Verified Mark Certificate (VMC).

04 September 2019

News/security

APAC concern over payment system attacks persists - FS-ISAC

According to the Financial Services Information Sharing and Analysis Center (FS-ISAC), attacks on payment systems are the greatest cause of concern for Asian banks.

19 August 2019

News/security

Capital One data breach inquiry launched by Republicans

The US House of Representatives Committee on Oversight and Reform has requested a briefing with Capital One over the data breach that left 106 million credit card holders and applicants in the US and Canada at risk of their personal information being stolen.

02 August 2019

News/Authentication

Circle CEO claims current financial system is 'failing 99% of the time'

Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.

30 July 2019

News/Authentication

Capital One data breach leaves 100 million vulnerable

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.

30 July 2019

Company update/security

Daon and CTMS form digital onboarding partnership

Daon, a global leader in biometric identity technology, and CTMS, a digital onboarding and anti-fraud specialist, announced today a partnership agreement in France and other French-speaking countries.

09 July 2019

News/regulation

EBA offers wiggle room on deadline for PSD2 authentication rules

Under industry pressure, the European Banking Authority has paved the way for some firms, on an "exceptional basis", to get an extension of the September deadline for new Strong Consumer Authentication (SCA) rules for e-commerce transactions.

21 June 2019

Company update/Authentication

ABN Amro unit Moneyou turns to Konsentus for TPP identity checks

Konsentus today announced that the innovative online bank Moneyou, a subsidiary of ABN AMRO, with over 500,000 customers in the Netherlands, Germany, Belgium and Austria, has selected Konsentus to support the roll-out of their PSD2 open banking offerings.

20 June 2019

News/Authentication

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

Company update/Authentication

Polymath and Blockpass team upfor ID verification

Leading security token platform Polymath has today announced a strategic collaboration with digital identity verification solution Blockpass.

17 June 2019

News/Authentication

Money 20/20 Europe 2019 Q&A: Rabobank’s Nico Strauss and Signicat’s John Erik Setsaas

Following their panel on why KYC is seen as a necessary evil, Finextra spoke to Nico Strauss, Tribe Lead B2B services at Rabobank and John Erik Setsaas, VP of Identity and Innovation at Signicat about how KYC could be used for social good, why digital identity is crucial for vulnerable groups like migrants and the impact of PSD2.

12 June 2019

Company update/Authentication

Entrust Datacard completes nCipher Security acquisition

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, completed its previously-announced acquisition of nCipher Security, formerly Thales's market-leading general purpose hardware security module (HSM) business.

07 June 2019

News/ai

Money 20/20 Europe 2019: The interplay of AI, cloud, blockchain and quantum computing

On the final day of Money 20/20 Europe 2019 in Amsterdam, Jesse McWaters, financial innovation lead at the World Economic Forum starts the day discussing the interplay of AI, cloud, blockchain and quantum computing, and what happens when it all collides.

05 June 2019

News/Authentication

Payment firms raise fears over EU security rules

A lack of preparedness for the EU's new regulations on authentication could cost Europe's online economy more than €50bn according to a number of payment processors and e-commerce merchants.

04 June 2019

Company update/Authentication

Signicat and yes.com collaborate on digital identity service in Germany

Signicat, a leader in verified digital identity, and yes.com, a new identity scheme launching in Germany, have partnered to integrate the yes.com open banking scheme into the Signicat Digital Identity Platform.

04 June 2019

Company update/wholesale

Citi launches real-time data validation service for institutions

Citi’s Treasury and Trade Solutions (TTS) has launched Citi Verify, a new identity and account verification solution that helps clients streamline customer onboarding, reduce the risk of improper payments, and drive operational efficiencies.

07 May 2019

Company update/security

Monzo inks new deal with Jumio

Jumio today announced a new multi-year agreement with Monzo, further strengthening a long-standing partnership of hypergrowth between the leading AI-powered trusted identity as a service provider and one of the UK’s top digital banks.

02 May 2019

News/Authentication

Canadian bank-backed blockchain-based ID verification system launches

A Canadian blockchain-based digital identity verification network backed by the country's banking industry has gone live, giving people an easy way to share their personal information.

01 May 2019