Identity

20 May 20 @ 10:55

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... read more

18 May 20 @ 07:00

New ID verification (IDV) solutions are emerging that revolve around mobile phone ownership and possession together, thereby detecting both stolen numbers and fraudulent numbers when performing a phone number check.... read more

13 May 20 @ 10:29

I think that the fact that COVID-19 has ravaged economies and industrial sectors does not need to be mentioned again, however the impact on FinTech is now starting to be... read more

10 May 20 @ 12:31

Account takeover (ATO) is a major issue for any business looking to protect customer data in the digital environment – and these days, that means pretty much everyone. Adam Lee,... read more

06 May 20 @ 15:47

The Linux Foundation has launched the Trust over IP (ToIP) Foundation with the aim of creating digital identity standards to enable parties to share data with trust. Aiming to ensure interoperability... read more

27 Apr 20 @ 06:00

We can no longer rely on personal data alone to confirm user identity online. Databases are now so routinely hacked into, compromised and distributed to criminals over the dark web... read more

17 Mar 20 @ 17:10

A majority of Americans, 64%, would consider purchasing or applying for financial products from a Big Tech company instead of a traditional financial services provider. Among those ages 18 to... read more

05 Feb 20 @ 15:03

According to a new report, biometric authentication will be used to secure $2.5 trillion worth of mobile payment transactions by 2024, an increase of almost 1,000% on the $228 billion... read more

14 Jan 20 @ 13:33

The global smart card market is expected to exceed $65 billion by 2025. The rise in privacy and data security concerns in financial transactions will drive the industry growth over... read more

08 Jan 20 @ 13:31

In a sensible setback, the Australian Competition & Consumer Commission (ACCC) has delayed the roll out of  Open Banking reforms in Australia by six months, because of the consumer regulator’s... read more

06 Jan 20 @ 17:08

A new report projects that establishing financial identities for the world’s financially excluded – or “unbanked” – population would add an extra $250 billion to global gross domestic product (GDP),... read more

16 Dec 19 @ 16:41

Mastercard is to tests a new digital identity service that has the potential to verify a person’s identity immediately, safely and securely in both the digital and the physical world.... read more