FindBiometrics
Global Identity Management
Buguroo has written a brief explainer to teach the general public about mule accounts. A mule account is a real bank account that a criminal uses to launder money, transferring illicit funds into the account and then out again to make the money clean and untraceable when it emerges on the other side. In some […]
“This will help the bank to detect potential duplicate accounts in its databases, and will allow registered customers to easily authenticate on subsequent visits to the bank when they’re seeking to perform actions such as applying for a loan or a replacement bank card.” As it continues to expand in the industry, biometric security is […]
Cybersecurity firm Buguroo has announced an $11 million dollar Series A funding round that will help it to accelerate the development of its Deep Learning-based online fraud detection and prevention platforms, and allow it to focus on an expansion into the U.S. and U.K. markets, among others. The funding for the Madrid-based Buguroo was led […]
Identity verification specialist Onfido is preparing to share some expert insights with an upcoming webinar event. Entitled “5 identity fraud predictions for 2020”, the hour-long webinar is slated for Thursday, November 14th starting at 2:30pm GMT. The webinar follows the publication of Onfido’s 2019 Global Fraud Index, in which the company’s analysis concluded that an […]
BioCatch called attention to the growing threat of new account fraud during a recent webinar with Aite Group Research Director Julie Conroy. Also referred to as application fraud, new account fraud describes fraud that is carried out through new accounts that are created with synthetic identities, many of which are generated with stolen personal information. […]
The access management specialist BeyondTrust has issued a series of security predictions for the next five years. The company highlighted the threats facing enterprises and consumers, as well as the steps that cybersecurity providers will take to stop them leading up to 2025. Most notably, BeyondTrust suggests that people should pay more attention to the […]
FindBiometrics is reporting live from Las Vegas this week, where the biometrics and digital identity industries are converging on Money20/20 USA – the world’s preeminent financial services conference. On Monday, FindBiometrics President Peter O’Neill spoke with Frances Zelazny, Chief Strategy Officer of renowned behavioral biometrics specialist BioCatch. The live interview begins on the topic of […]
Onfido’s document analysts have put together the company’s inaugural Global Fraud Index, which estimates that online identity fraud costs the economy a whopping $5 trillion every single year. Only one percent of that $5 trillion is ever recovered by authorities, making identity fraud one of the most pressing issues facing the financial industry. “Identity theft […]
Parascript’s anti-fraud technology will now be available to South American banks thanks to a new partnership with Precodata, a company that provides printing and software solutions for financial organizations across the continent. The new deal specifically concerns Parascript’s SignatureXpert and CheckPlus International solutions, both of which will be offered to Precodata customers through the new […]
NICE Actimize has added three more companies to its rapidly accelerating X-Sight Marketplace. The Marketplace was first unveiled back in July, and provides financial institutions with a roster of approved technology solutions that will reduce the threat of financial crime. After NICE Actimize’s latest announcement, that roster now includes Kingland, Daon, and Au10Tix. Au10Tix is […]
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