KYC

New Rule Requires Face Scan for Mobile Account Registration in China

New Rule Requires Face Scan for Mobile Account Registration in China

The government of China has formally implemented a new rule that makes a facial recognition scan a required part of the mobile registration process. Anyone hoping to sign up for mobile phone services will now need to undergo a scan, expanding on the previous system that only asked customers to provide an identity card. The…

Papua New Guinea Deployment Illustrates Growing Reach of Financial Services Biometrics

Papua New Guinea Deployment Illustrates Growing Reach of Financial Services Biometrics

“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…

Jumio Go Delivers Fully Automated Biometric Onboarding

Jumio Go Delivers Fully Automated Biometric Onboarding

Biometrics News – Facial Recognition Jumio is once again preparing to add a new product to its award-winning identity verification portfolio. The company has announced the beta release of Jumio Go, a fully automated customer onboarding platform that will allow organizations to register new users without the need for a human review during the enrollment…

Bank of Thailand Plans Trial of Biometric KYC Technology

Bank of Thailand Plans Trial of Biometric KYC Technology

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…

Refinitiv Teams Up with Trulioo on Qual-ID Onboarding Solution

Refinitiv Teams Up with Trulioo on Qual-ID Onboarding Solution

Refinitiv has released a new mobile onboarding solution that will help financial institutions comply with the latest Know-Your-Customer (KYC) and anti-money laundering (AML) regulations. The platform has been dubbed Qual-ID, and is the result of a partnership between Refnitiv and Trulioo. Qual-ID combines Trulioo’s selfie-based document and identity verification technology with Refinitiv’s World-Check Risk Intelligence…

Innov8tif Adopts ID R&D’s Passive Liveness Detection

Innov8tif Adopts ID R&D’s Passive Liveness Detection

The Southeast Asian software provider Innov8tif has integrated ID R&D’s anti-spoofing technology into its customer onboarding platform. Innov8tif will specifically be making use of ID R&D’s IDLive Face, which will provide passive liveness detection for the OkayFace solution. OkayFace is part of Innov8tif’s EMAS eKYC onboarding platform, which combines facial recognition with document reading to…

Sales Up 45% in Jumio’s Q2 Update

Sales Up 45% in Jumio’s Q2 Update

“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online.” Jumio is celebrating the largest sales quarter in the company’s history after sales jumped 45 percent over the same quarter one year…

TPG Takes $60M Stake in AU10TIX

TPG Takes $60M Stake in AU10TIX

“[AU10TIX] has established itself as a KYC and customer onboarding solutions provider in the areas of financial services, travel, transportation, and gaming. Alternative asset firm TPG has taken a big stake in AU10TIX, investing $60 million in the latter’s holding company, ABC Technologies B.V. Based in Cyprus, AU10TIX specializes in customer onboarding and KYC automation…

Latin American Telecom Opts for IDEMIA Biometric Onboarding Tech

Latin American Telecom Opts for IDEMIA Biometric Onboarding Tech

“…Movistar is now going to take advantage of IDEMIA’s renowned facial recognition technology as well as digital signature technology to enroll new customer in retail stores.” One of Latin America’s biggest telecommunications has brands has opted for a new digital onboarding solution from IDEMIA. Called Movistar Chile, the company is a subsidiary of Telefónica, one…

Onfido Now Accepts Bitcoin Payments

Onfido Now Accepts Bitcoin Payments

“Thanks to the partnership, BitPay will now process Bitcoin payments made to Onfido, while Onfido’s selfie-based authentication technology will be leveraged by BitPay for Know Your Customer purposes.” Having helped to bring so many into the cryptocurrency market, Onfido can now accept payments in Bitcoin, thanks to a new partnership. The company has teamed up…

Jumio Helps Casumo Comply with KYC for Online Gambling

Jumio Helps Casumo Comply with KYC for Online Gambling

A Jumio client is singing the praises of the company’s selfie-based authentication technology, and helping to make its case in the online gambling industry. As Jumio explains in a case study posted on its website, the client, Casumo, faces stringent Know Your Customer regulations as a provider of online gaming services. To the end, Jumio’s…

Indian FinTech Firms Look for Aadhaar Alternatives for KYC in Wake of Supreme Court Ruling

Indian FinTech Firms Look for Aadhaar Alternatives for KYC in Wake of Supreme Court Ruling

“The situation is only the latest illustration of the haphazard character of Aadhaar’s rapid evolution over the last few years, with government agencies and businesses applying the ID program in something of a regulatory and legal fog.” The Indian Supreme Court’s decision to restrict the use of Aadhaar, India’s biometric national ID program, to government…

NEC to Present at Singapore FinTech Festival

NEC to Present at Singapore FinTech Festival

“…at Singapore FinTech Festival 2018, the focus will be on NEC’s financial services solutions.” NEC has announced that it’s a Gold Sponsor of this year’s Singapore FinTech Festival, and that it’s going to showcase its technology at the event. It’s not a huge surprise, given NEC’s growing activity in the city-state. Earlier this year, NEC completed…

Melissa and Scanovate Partner to Offer Enhanced Remote ID Verification

Melissa and Scanovate Partner to Offer Enhanced Remote ID Verification

California-based Melissa and Israel-based Scanovate have partnered up to offer an enhanced remote identity verification solution. Scanovate offers an automated onboarding system that uses facial recognition and document reading to match end users to their identity documents – an increasingly popular approach to remote onboarding and mobile authentication. Melissa, meanwhile offers a range of identity…

Onfido Brings Biometric Customer Authentication to Arro Money

Onfido Brings Biometric Customer Authentication to Arro Money

Digital bank Arro Money is going with mobile biometrics for customer authentication, care of Onfido. Based in London, the latter has built an increasingly familiar system that combines facial recognition with identity document reading to enable remote ID verification using a smartphone or tablet. Arro, as a provider of digital personal and business accounts, is…

The Mobile ID Revolution is Here

The Mobile ID Revolution is Here

ID confirmation used to be a tedious and occasionally fraught process. Physical documents had to be handed over, and in some cases, particularly skillful forgeries could lead to fraud. But the mobile revolution has changed all that. Virtually every smartphone comes equipped with its own camera, offering consumers a means of capturing and uploading images…

Jumio Sales Up 176 Percent in Q4 Update

Jumio Sales Up 176 Percent in Q4 Update

“The company says that its solution has now performed more than 100 million identity verifications, up from 50 million just ten months ago.” For its fourth quarter, Jumio nearly doubled its annual recurring revenues compared to Q4 2016, bringing them up 96 percent year-over-year, the company has announced. Sales, meanwhile, grew by 176 percent over…

Pegasystems Embraces Facial Recognition for KYC, CLM Solutions

Pegasystems Embraces Facial Recognition for KYC, CLM Solutions

Pegasystems has incorporated facial recognition into its Pega Know Your Customer and Pega Client Lifecycle Management solutions, the company has announced. The technology comes by way of Spain-based Electronic IDentification, whose identity verification solution leverages the mobile camera of a given smartphone or computer to apply facial recognition technology to a live user, and to…

Mobile Biometrics Can Improve KYC Self-Registration: Safran

Mobile Biometrics Can Improve KYC Self-Registration: Safran

Safran Identity and Security is urging companies to embrace mobile and biometric innovations for Know Your Customer and self-registration applications. A new post on the company’s website points out that while organizations such as banks are already very familiar with KYC and self-registration options for customers, they now have an opportunity to make such systems…