Biometric-based fraud is the number one threat financial services providers face today, warns Michael Marcotte, CEO at artius.ID, a digital ID and authentication firm. This intervention comes off the heels of the RSA cybersecurity conference, where academics, entrepreneurs and corporations discussed pressing security issues. Marcotte,… Read More
AU10TIX, a global technology provider of identity verification and management solutions, this week announced the expansion of its Digital ID solution, which it says enables businesses to rapidly, accurately and securely verify IDs of all types, including physical, digital, eID, verifiable credentials, and more. The company’s… Read More
Australian Payments Plus (AP+) has issued a statement on the passage of the Digital ID Bill in the Senate. The bill passed the Senate without debate. The legislation aims to establish an accreditation path for entities providing digital ID services while expanding the Australian Government… Read More
Lloyds Bank has released a new Digital ID app with Yoti – Lloyds Bank Smart ID. The app reportedly gives people “a more private, secure and convenient way to prove their age or identity through their mobile phone.” This follows the £10 million investment Lloyds… Read More
Socure, the provider of digital identity (ID) verification and fraud solutions, released a guide for state and local Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Information Security Officers (CISOs) “to establish effective digital ID programs for their constituents.” During the pandemic, the… Read More
NatWest Group is making its new Customer Attribute Sharing service available to businesses as “an embedded digital ID solution after signing a deal with identity service provider OneID.” The bank is rolling out the service, “in collaboration with OneID, across a wide range of use… Read More
Worldline (Euronext: WLN) is supporting PSA Payment Services Austria GmbH on its journey towards becoming a smart transaction provider beyond just payments. Via its products WL ID Center and WL Trusted Authentication as well as experience in various infrastructure initiatives, Worldline is offering the tech… Read More
Interac Corp., a payments network and digital ID provider, reveals that it has entered into a transaction to acquire the “exclusive” rights to SecureKey Technologies Inc. digital ID services for Canada. SecureKey is an established digital ID and authentication provider that works cooperatively with government… Read More
Over 800,000 residents in the Philippines have reportedly signed up with the nation’s Identification System (PhilSys) through digital or online registration. This, according to data from the Philippine Statistics Authority (PSA). As reported by Fintech News Philippines, the nation’s government has been asking locals to… Read More
Survey results shared by Duff & Phelps, A Kroll Business on Tuesday (April 21, 2021) revealed that 81% of respondents either agreed or strongly agreed with the idea that digital IDs may improve our ability to combat financial crime across the financial services sector. Duff… Read More
Decentralized finance (DeFi) requires a more reliable credit scoring system, however, we need to be cautious, according to Ontology (ONT) Founder, Li Jun. Jun explains that credit scores have been “a cornerstone of risk evaluation in the global banking systems for decades.” He adds that… Read More
Property finance marketplace LendInvest has published a blog post in which it’s requesting people to support the company in certain Buy-to-Let, Bridging and Development Awards. LendInvest notes that it’s a busy award season in property lending. Like most years LendInvest has been recognized for its… Read More
South Korea’s ICONLOOP, a company that developed its own blockchain-powered engine, loopchain, which is used for various Internet services, has reportedly acquired KRW 6 billion (appr. $5 million) in additional investments. The company has secured a total of KRW 16 billion (appr. $13.4 million) in… Read More
South Korean cryptocurrency exchange Bithumb announced on Tuesday it has integrated with blockchain-based digital identification organization, MyID Alliance. Bithumb claims it is the first Korean virtual asset exchange to implement the distributed identification (DID) service performed by the organization. Bithumb Korea will notably participate as… Read More
Over two thousand firms have reportedly either tested or used facial recognition software solutions created by Clearview AI. The list of firms notably includes San Francisco-based crypto exchange Coinbase. BuzzFeed went through Clearview’s internal company documents and released its findings on February 28. The report… Read More
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