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294 articles tagged with this keyword

/payments

EBAday 2021: Modernisation, a catalyst for payments utopia

With day two now under our belt, we are only just beginning to digest the eyewatering number of insights shared across six panel sessions, two roundtables, a lively chatroom forum and of course, non-stop networking on the EBAday platform.

/regulation

AML regulations driving up compliance costs across UK

A new report by LexisNexis Risk Solutions has found that increased AML regulations, more so than criminal threats, are intensifying compliance costs for UK financial institutions.

/security

Stripe launches ID verification tool; sees strong investor interest

Stripe continues to expand beyond payments, launching a tool that help internet businesses securely verify the identities of their users from over 30 countries.

/security

ID verification outfit Trulioo hits $1.75bn valuation

Canadian identity verification outfit Trulioo has hit a US$1.75 billion valuation off a US$394 million Series D funding round led by TCV an joined by Citi and American Express.

/security

Visa invests in LoginID to accelerate Fido-certified SCA

Visa has invested in LoginID, the startup behind a series of APIs and SDKs that make it easy for firms to integrate Fido-certified biometric authentication steps into their sites and apps.

/security

Signicat buys SCA specialist Encap Security

Nordic digital identify firm Signicat has acquired Strong Customer Authentication (SCA) specialist Encap Security from AllClear ID. Financial terms were not disclosed.

/identity

Mastercard to buy digital ID firm Ekata for $850m

Mastercard has agreed an $850 million deal to buy AI-powered digital identity verification company Ekata.

/identity

Microsoft bids to overhaul ID verification

Microsoft has taken a major step in its efforts to create an identity verification system that can be used across organisations.

/security

Cost of cybercrime to exceed $1trn in 2020

The worldwide move to remote home working has contributed to a massive rise in cybercrime costs which are expected to top $1trn for the very first time this year.

/payments

Can RtP offer the agile approach needed in the post-Coronavirus recovery?

As the world recovers from the Coronavirus pandemic, it is assumed that financial institutions and other businesses will need to adopt new ways of working to navigate what is said to be one of the worst economic downturn in recent years.

/sustainable

Switzerland launches Green Fintech Network

Switzerland is setting up a Green Fintech Network to help the country take advantage of the "great opportunity" presented by sustainable finance.

/identity

Spanish banks lead development of blockchain-based digital ID model

Ten leading Spanish companies - including Santander, LiberBank, Bankia, Caixa Bank, and BME - are planning to roll out a self-managed digital identity model using blockchain technology.

/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

/regulation

Microsoft tests show SCA leads to checkout abandonment

Strong Customer Authentication (SCA) testing by Microsoft shows that customers are abandoning their purchases at high rates when challenged at the checkout.

/retail

DBS trials SingPass face verification for digital banking sign-ups

DBS is working with Singapore's government to pilot the use of the SingPass face verification technology to sign up customers to digital banking services.

/security

Barclaycard adopts SCA-busting fraud module from Kount

Barclaycard Payments, which processes almost 40 per cent of card transactions in the UK, is to provide merchant customers with real-time fraud detection software from Kount.

/Authentication

Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

/Authentication

Euro agencies to develop blockchain forensics

Two defence agencies in Austria and France are joining forces to improve cryptocurrency security and tackle the rising rate of crime in the crypto market.

/regulation

Meeting due diligence requirements is akin to conducting an orchestra

Compliance officers in financial services should think of themselves as orchestra conductors, according to Charles Gaddy, co-founder of identity verification service company, Global Data Consortium.

/security

NatWest tests biometric payment fob

NatWest is issuing a payment fob linked to a customer's fingerprint that will allow contactless payments of up to £100 to be made without the use of a bank card or mobile phone.