FinTech

ENACOMM Enters Distribution Partnership with Alcor Consulting

ENACOMM Enters Distribution Partnership with Alcor Consulting

“Consumers are ready for conversational banking, and ENACOMM’s secure and convenient solution allows financial institutions not counted among the megabanks to offer technology-enhanced customer interactions that rival those presented by the biggest players.” -David Spore, President, Alcor Consulting ENACOMM has another distribution partner for its Virtual Personal Assistant (VPA) and ENACOMM Financial Suite (EFS) offerings. Alcor…

Credit Unions Trial Amazon’s Alexa as a Customer Service Rep

Credit Unions Trial Amazon’s Alexa as a Customer Service Rep

Two Canadian credit unions are now testing a system that lets customers do their banking through Alexa, Amazon’s voice-based virtual assistant. The technology comes by way of Vancouver-based FinTech specialist Central 1, which developed it in collaboration with San Francisco design agency Point One Digital. Essentially, the idea is to make Alexa a customer service…

Remittance Firm TransferGo Uses Onfido Biometrics for Onboarding

Remittance Firm TransferGo Uses Onfido Biometrics for Onboarding

London-based remittance company TransferGo is taking advantage of selfie-based biometric customer enrollment, care of Onfido. Onfido’s solution will allow newcomers to the TransferGo platform to sign up simply by taking images of their official identity documents, and themselves. Onfido’s facial recognition technology is designed to compare and match the images, ensuring that the submitted IDs…

BBVA Banks On Biometric Mobile Enrollment

BBVA Banks On Biometric Mobile Enrollment

“The system operates through the BBVA mobile app, and the bank says that 27 percent of its new customers have used it to join the bank.” Spain-based BBVA has become the latest financial services provider to embrace selfie-based biometric enrollment. The technology was developed more or less in-house, by Veridas, a tech company that spun…

Behavioral Biometrics Enhance EMV 3DS: NuData

Behavioral Biometrics Enhance EMV 3DS: NuData

“NuData is using its native understanding of EMV 3DS to reinvent security for merchants by building safer, smarter ways to verify online transactions.” -Ryan Wilk, VP of Customer Success, NuData NuData is highlighting how its behavioral biometrics technology can be used to boost transaction approvals through EMV 3DS, EMVCo’s “3-D Secure” specification for mobile- and…

Money20/20 Organizers Seek to Bridge FinTech Gender Gap

Money20/20 Organizers Seek to Bridge FinTech Gender Gap

“The program could offer a game-changing opportunities for its participants.” Ahead of this year’s Money20/20 event in Las Vegas, organizers have now announced a new empowerment program aimed at bridging at least some of the gap in the representation of women in the tech industry. Called “Rise Up“, the program is designed to connect up-and-coming…

BioCatch Appoints Jay Mandelbaum to its Board of Directors

BioCatch Appoints Jay Mandelbaum to its Board of Directors

“Jay’s interest in joining BioCatch is a validation of the significant market potential for digital identity solutions like ours that enhance online security without disrupting the user experience.” – Howard Edelstein, BioCatch Chairman and CEO Behavioral biometrics specialist BioCatch has announced a new appointment to its board of directors: former JPMorgan Chase senior investor Jay Mandelbaum.…

Aculab Launches Voice Recognition API

Aculab Launches Voice Recognition API

“VoiSentry is designed as a scalable speaker verification system that is simple to install and integrate and can be deployed on the customers platform of choice.” – Ian Colville, Product Manager, Aculab UK-based Aculab has announced a new voice authentication solution for the enterprise. Called “VoiSentry”, it’s an API solution aimed at letting clients deploy voice…

How IDEX is Reinventing the Credit Card

How IDEX is Reinventing the Credit Card

The Next Step in FinTech The credit card is being reinvented, and plastic is going to make a comeback in the ongoing payments race. Thanks to the rise in mobile biometrics, FinTech has been an exciting space since the successful launch of Apple Pay in 2014. In fact, the most recent market research on the…

IDEX Sensors See ‘Customer Launch’ in Middle Eastern Biometric Cards Project

IDEX Sensors See ‘Customer Launch’ in Middle Eastern Biometric Cards Project

“This customer launch is yet another indication of the significant interest in biometrics in the smart cards for payments industry.” – Stan Swearingen, CEO, IDEX IDEX has announced that its fingerprint sensors are being used in another biometric cards project in the Middle East. The news arrives a couple of months after a similar announcement…

Trulioo Brings Selfie-Based Onboarding Platform to Philippines

Trulioo Brings Selfie-Based Onboarding Platform to Philippines

Trulioo has launched its GlobalGateway platform in the Philippines. The platform is designed to facilitate mobile identity verification through its use of both document reading and facial recognition. Like similar solutions such as Jumio’s Netverify platform, GlobalGateway applies this technology through a standard mobile camera, allowing for an inexpensive, convenient, and reliable means of customer…

Forrester Consulting Study Finds 191% ROI for Bank’s Biometric Security

Forrester Consulting Study Finds 191% ROI for Bank’s Biometric Security

Nuance Communications‘ biometric authentication technology offers some major cost savings to organizations that deploy it, and the company has proof. Nuance commissioned Forrester Consulting to conduct an independent case study pertaining to one of its major bank customers. The study found that Nuance Security Suite, which uses voice, facial, and behavioral recognition to identify end…

IDEX Dual-Interface Biometric Card Tech to Be Used for Banking on Major Chinese Payment Network

IDEX Dual-Interface Biometric Card Tech to Be Used for Banking on Major Chinese Payment Network

“Having a sensor suitable for dual-interface cards is very important to meet customer demand, especially in the banking segment.” – Stan Swearingen, CEO, IDEX IDEX‘s fingerprint sensor technology for dual-interface smart cards has passed “engineering integration and validation” tests with authentication and transaction security specialist Feitian, the company has announced. IDEX and Feitian first announced…

Fujitsu, AEON to Trial Naked Payments System at Convenience Stores This September

Fujitsu, AEON to Trial Naked Payments System at Convenience Stores This September

Fujitsu and Japanese credit card company AEON are poised to deliver Japan’s first real-world naked payments system. They’ll start in select Ministop convenience stores, where customers who enroll in the system will be able to use Fujitsu’s palm vein biometrics scanners to make purchases. Their palm vein biometrics will be directly linked to their payment…

New Diebold Nixdorf-Mastercard Solution Could Feature Biometric ATMs

New Diebold Nixdorf-Mastercard Solution Could Feature Biometric ATMs

Diebold Nixdorf and Mastercard are deepening their partnership with the announcement of a new collaboration focused on the development of a new banking-as-a-service solution. At the project’s outset, its details are a bit vague. In a statement, the companies said they will offer “an industry-defining, managed solution” for banking and retail that will be based…

Jumio Partners With Backbase

Jumio Partners With Backbase

“The companies already share some common customers including HSBC and Metro Bank, but the partnership could help to further expand Jumio’s client roster.” A new distribution partner could give a further boost to Jumio‘s ongoing ascent. The company has teamed up with Backbase, a financial digitization consultancy that offers a range of FinTech solutions to…

Mastercard in Talks with UK Banks Over Biometric Cards

Mastercard in Talks with UK Banks Over Biometric Cards

Mastercard is now in talks with banks in the UK over the launch of its biometric payment cards in the country, according to a CNBC report. The negotiations are not unexpected. Mastercard has been working with major players in the biometrics and smart cards industries to develop this technology for some time now, and one…

Jumio’s Ascent Continues with 269% Q2 Sales Jump

Jumio’s Ascent Continues with 269% Q2 Sales Jump

“The company attributes its Q2 success primarily to the APAC market, which it has targeted through a new Singapore office established this past March.” Jumio continues to be one of the great success stories of the authentication industry with the news that it has just finished its best sales quarter yet: Q2 saw a year…

INTERVIEW: Ritu Favre, CEO, NEXT Biometrics

INTERVIEW: Ritu Favre, CEO, NEXT Biometrics

FindBiometrics President Peter O’Neill recently had the opportunity to speak with Ritu Favre, CEO of NEXT Biometrics. The conversation starts with a review of her first year as the company’s leader and her major accomplishments in the role. The conversation moves on to the major security benefits of NEXT’s large area sensors and the demanding…

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