The results for the FindBiometrics’ 2019 Year in Review are in, with over 230 responses from industry experts offering the latest insights into how those most familiar with biometric technology see the state of the art. FindBiometrics is kicking off its Year in Review analysis with a look at the year’s most interesting application areas…
“TypingDNA has now applied its AI-driven behavioral biometrics technology to the mobile keypad, with its system available on iOS, Android, and Facebook’s React Native mobile app framework.” TypingDNA has expanded the reach of its behavioral biometrics platform, announcing that it’s now available on mobile. The authentication system revolves around the analysis of users’ typing patterns…
IriTech is highlighting the utility of the IriKey wallet for people who need to secure and transfer high-value financial assets. In a new statement, the company specifically mentions online gambling, cryptocurrency, and overseas remittances, presenting the IriKey as a more secure alternative to conventional financial platforms. The IriKey itself is a hardware wallet with…
The Swiss company b-sharpe has turned to Onfido for secure onboarding and identity verification. b-sharpe is an online currency exchange platform that provides individuals and businesses with transparent pricing for currency exchanges. The company has cleared 1 billion Swiss Francs in transactions for 14,000 customers, and claims to save those customers around 70 percent when…
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…
RCBC Bankard is deploying Verint’s voice biometrics technology to safeguard its call center operations. RCBC Bankard is the credit card division of the Rizal Commercial Banking Corporation (RCBC) in the Philippines; the deal itself came about through a partnership with Inspiro Relia. Once a customer has been enrolled, Verint’s voice biometrics technology uses unique vocal…
Temenos has integrated HID Global’s risk-based authentication technology into its Temenos Infinity and Temenos T24 Transact banking platforms. The collaboration includes HID Global’s ActivID Authentication Platform, HID Approve, and the HID Authentication Service and Risk Management solutions. Together, the various HID solutions will allow financial institutions to safeguard their digital channels with behavioral biometrics and…
Jumio has found another customer for its secure digital onboarding technology. The Filipino remittance provider I-Remit is deploying Jumio Identity Verification to safeguard its IREMITX digital channel, which allows I-Remit users to transfer money online without needing to pay a visit to a physical branch location. IREMITX is particularly popular with the 10 million Filipino…
LexisNexis Risk Solutions has released a new True Cost of Fraud report that details the growing impact of fraud on the American financial services and lending sector. The report found that every dollar lost to fraud costs financial services providers $3.25 in liability, recovery costs, and other expenses, a figure that is up from $2.92…
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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 Tuesday, FindBiometrics President Peter O’Neill spoke with Javier Mira, the CEO of biometric authentication specialist FacePhi. The live interview begins with a discussion of Mira’s conversation…
“…just as younger consumers tend to show a higher preference for mobile banking, those in the 18-34 age range tend to prefer using the biometric authentication capabilities of those devices, whereas older survey respondents showed more of a preference for security questions.” Customers are increasingly accessing financial services on mobile devices, and providers need to…
Biometrics News – Fingerprint Recognition Fingerprint Cards has placed one of its sensors in a new payment device from JCB. The device will support “personal authentication applications” in addition to contactless payments. The presence of an FPC sensor suggests that people will be able to use the device itself to add an extra layer of…
Biometrics News – Fingerprint Recognition IDEMIA has unveiled a new FINRA fingerprint service that allows customers to meet the Financial Industry Regulatory Authority’s strict requirements for fingerprint background checks. While IDEMIA has previously provided custom FINRA solutions for Fortune 500 clients, the new service will be available at more than 500 IdentoGO locations across the…
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…
Biometrics News – Financial Services Daon and Union Systems Limited (USL) have announced a strategic partnership that will bring Daon’s biometric authentication services via their IdentityX platform to USL’s customers throughout the African market. Daon is a pioneer in methods for secure and convenient cross-channel biometric authentication. Their history of deployments include payment verification, digital…
Money20/20 organizers have officially announced the return of their China-based event. First launched last year, Money20/20 China drew a crowd of over 2000 professionals from 53 countries. Now, organizers say that Money20/20 2019 will have capacity for more than 2500 people, and will feature over 300 speakers. Organizers have also revealed an ambitiously wide-ranging slate…
Biometrics News The Bank of Thailand (BoT) has announced that it is moving forward with a test of biometric Know Your Customer (KYC) technology. The test will involve ten separate organizations, including commercial banks and other non-bank financial institutions. The test itself will not begin until some unspecified technical issues have been resolved, although Bank…