financial services

OneSpan-Nok Nok Partnership to Target Financial Services

OneSpan-Nok Nok Partnership to Target Financial Services

“The partnership will also help OneSpan to launch software, SDK, and server solutions supporting the new FIDO2 authentication standard, which OneSpan says it will launch later this year.” OneSpan and Nok Nok Labs have announced a new partnership aimed at promoting their solutions to the financial services sector. The partnership will revolve around the OneSpan…

TrulySecure is Used For Authentication in Over Two Dozen Banking Apps

TrulySecure is Used For Authentication in Over Two Dozen Banking Apps

“Operating through a standard mobile device, TrulySecure combines facial and voice recognition to identify the end user. It’s now being used in mobile apps from a number of financial services providers including Alior, Banorte, ICICI, Maybank, Mizuho Bank, and Qatar Islamic Bank.” Sensory Inc. is celebrating the growing ubiquity of its TrulySecure platform, announcing that…

HID Approve Gets Face ID Support on iPhone X

HID Approve Gets Face ID Support on iPhone X

Apple iPhone X users will now have another meaning of “face time” with HID Global announcing Face ID support on its HID Approve two-factor mobile authentication and verification platform. The new facial recognition feature is a way for users to ensure more secure access, and avoid fraud, theft, cyber threats, or misuse. “With the growing…

HID Global Teams with R&D Lab to Develop Anti-Fraud Solutions for Financial Services

HID Global Teams with R&D Lab to Develop Anti-Fraud Solutions for Financial Services

HID Global has announced a new partnership aimed at developing anti-fraud technologies for the financial services sector. Its new partner, ThreatMark, bills itself as an R&D lab specializing in malware detection, artificial intelligence, and behavioral biometrics. The firm is based in the Czech Republic and has a London office as well. In a statement announcing…

Daon to Develop Biometric Authentication Platform with Japanese Banks, NTT Data

Daon to Develop Biometric Authentication Platform with Japanese Banks, NTT Data

Two Japanese financial services companies have contracted Daon, together with NTT Data Corporation, to develop multimodal biometric authentication platforms. The agreements aim to have such systems go live for Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation (SMBC) in the spring of next year. SMFG plans to use Daon’s IdentityX Platform, which has…

Hoyos Labs Rebrands as Veridium, Launches New Authentication Platform

Hoyos Labs Rebrands as Veridium, Launches New Authentication Platform

“Veridium says its solution is based on an open standard allowing for iterative upgrades…” Hoyos Labs has rebranded as Veridium and launched a new biometric authentication platform called VeridiumID. The multimodal platform is aimed at the enterprise market, and enables the authentication of individuals via facial, voice, and fingerprint biometrics. Veridium says its solution is…

Mobile Biometrics Boom ‘Accelerating’ in Financial Services: Report

Mobile Biometrics Boom ‘Accelerating’ in Financial Services: Report

The mobile biometrics boom is underway and just getting started, at least when it comes to financial services. That’s the analysis of Goode Intelligence in a new report entitled Mobile Biometrics for Financial Services: Market & Technology Analysis, Adoption Strategies & Forecasts 2015-2020. The market research firm estimates that over 120 million financial services customers…

Biometrics Market to Shift to Consumer Devices, Financial Services, IoT: ABI Research

Biometrics Market to Shift to Consumer Devices, Financial Services, IoT: ABI Research

The overall biometrics market will continue to see substantial growth, but will also feature a shifting landscape, over the next several years. That’s the prediction of ABI Research, which argues that by 2021 the market will reach a value of $30 billion as its primary revenues shift from the government sector to banking and consumer…

Biometrics in Banking to Reach $11 Billion by 2020: Goode Intelligence

Biometrics in Banking to Reach $11 Billion by 2020: Goode Intelligence

Goode Intelligence has outlined five key trends driving the adoption of biometric technology in the financial services sector. Basing the assessment on three reports comprising its Biometrics for Financial Services series, the market research firm predicts that the market will reach a value of $11 billion by the year 2020.   One of the major…

INTERVIEW: Alan Goode on Mobile Biometrics 2.0

INTERVIEW: Alan Goode on Mobile Biometrics 2.0

Last week we reported on new research from Goode Intelligence on the state of mobile biometrics in FinTech. Regular readers of Mobile ID World will no doubt be aware that the intersection of said technologies is a hot space right now, but Goode’s numbers are very exciting: among the firm’s key findings is a forecast…

Kenya to Use Biometrics in Distribution of Social Assistance

Kenya to Use Biometrics in Distribution of Social Assistance

The Kenyan government is developing a plan to set up a biometric registry for its social welfare services, according to an AllAfrica article. Various government officials got the ball rolling at the country’s inaugural Social Protection Week convention, which kicked off at the end of January. The idea for biometric registration actual began to take…

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