Latest Authentication News: Finextra Research

Voicekey unveils biometric iPhone app

A UK voice biometrics start-up has launched an iPhone app it says could replace PINs as a way to validate financial transactions.

19 June 2013

News/Authentication

E-commerce verification outfit Trustev wins EC start-up competition

Trustev, an Irish firm which uses 'social fingerprinting' technology to verify online shoppers in real time, has won the European Commission's Tech All Stars competition.

14 June 2013

News/Authentication

Bangladesh micro-banking project signs for Gemalto biometric tech

A Bangladesh micro-banking initiative is issuing biometric smart cards from Gemalto to the country's unbanked, enabling them to authenticate transactions through their fingerprints.

03 June 2013

News/Authentication

Nigeria to roll out multi-purpose national ID and payment cards

The Nigerian government has commenced the roll out of 13 million MasterCard-branded National Identity Smart Cards with biometric and electronic payment capability as a pilot programme.

09 May 2013

News/Authentication

Lloyds victorious at Microsoft's Digital Wallet Foundry

A two-man team from Lloyds TSB has won top honours at Microsoft's week long Digital Wallet Foundry identity and loyalty hack-a-thon in London with a proof-of-concept application to ease customer verification at the check out.

19 April 2013

News/Authentication

Capco partners EyeLock to hawk iris scanning tech to banks

Fintech consultancy Capco has teamed up with EyeLock in a bid to sell the latter's iris-based identity authentication technology to the financial services industry.

16 April 2013

News/Authentication

PayPal and Lenovo bid to eradicate passwords

PayPal and Lenovo have joined with other Internet and security companies to form the Fido Alliance (Fast Identity Online) with the aim of replacing password-based log-ins with an industry-supported open protocol tied to the actual device used to access online services.

12 February 2013

News/Authentication

ECB seeks to improve online payments security

The European Central Bank has outlined plans to improve the security of Internet payments, requiring firms to beef up their customer authentication processes.

31 January 2013

News/Authentication

ID theft drives rise in UK fraud cases - Cifas

The number of recorded fraud cases in the UK rose five per cent last year, to nearly 250,000, according to Cifas, with identity theft accounting for more than half of all incidences.

21 January 2013

News/Authentication

UK govt picks PayPal for online ID assurance service

PayPal has won a contract with the UK government to help build and run a secure online identity registration service for people accessing public services.

17 January 2013

News/Authentication

Visa and banks tap India's biometric ID system for new account

Visa and a group of Indian banks are tapping the country's biometrics-based national identity system to bring financial services and electronic payments to tens of millions of people.

13 December 2012

News/Authentication

Standard Chartered Singapore embeds security tokens in cards

Standard Chartered Bank's Singapore unit has unveiled a payment card featuring an embedded security token for online transactions.

06 November 2012

News/Authentication

French shoppers trial biometric payments

A group of French banks, IT firms and retailers are trialling a point-of-sale system that combines biometrics and contactless cards to enable customers to pay with their fingertips.

24 October 2012

News/Authentication

High rolling cyber-crooks are smashing bank security safeguards

A new, sophisticated breed of cyber-crooks targeting bank accounts belonging to businesses and high-net worth individuals around the world may have stolen EUR60 million over the last year, according to an investigation from McAfee and Guardian Analytics.

26 June 2012

News/Authentication

MiiCard raises £1.6m for US push

Online identity verification start-up miiCard has secured £1.6 million in a second seed funding round joined by New Wave Ventures, IQ Capital and Par Equity.

30 April 2012

News/Authentication

BT and Hitachi team on secure identity management system for FS firms

BT has outlined plans for a cloud-based secure identity management system for financial services firms using Hitachi Europe's biometric technology.

25 April 2012

News/Authentication

Bank Negara Indonesia taps voice biometrics for password resets

Tired of manually resetting forgotten staff passwords, Bank Negara Indonesia (BNI) has automated the process using biometric voice authentication technology.

28 March 2012

News/Authentication

Security vendors to cash in on FFIEC e-banking authentication guidance

Over 80% of US banks and credit unions plan to invest in new technologies to help them conform to new FFIEC online banking security guidance, according to a survey from vendor Guardian Analytics.

16 December 2011

News/Authentication

Movenbank bids to allay Facebook login concerns

Responding to user concerns, start-up Movenbank has moved to allay privacy and security fears over its use of Facebook for registration and log-in to the site.

29 November 2011

Finextra TV/Authentication

The Visa, DirectGov pilot offers push-button security.

Test groups for the Visa, DirectGov push-button identification pilot comment on the complexity of the service and difficulty of the push-button card system. However, trust in both the Visa, the government and banks tested higher than expected in focus groups. Phil James, consultant at Consult Hyperion and project manager on the DirectGov pilot explains the pilot.

28 November 2011