For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. But the increasing connectedness between traditional financial players and these new partners underscores the need for additional due diligence, and for tech-enabled, robust “know...
When it comes to payments and digital commerce, proper security is a necessity. And with the news that Amazon Web Services (AWS) is pushing ahead with making multi-factor authentication (MFA) mandatory for certain users, striking a productive and seamless balance between user experience and security is...
The U.S. State Department recently announced it is beta testing a public-facing program that enables would-be travelers to renew passports online. As of this week, people who want to renew their passports digitally can do so online. However, because the program is in trial mode,...
The interlinked future of digital identity and biometrics is already starting to transform payments. As digital wallets increasingly gain traction, the security features driving their use are emerging as components shaping the future of both commerce and authentication. With the European Union’s eIDAS 2.0 (electronic...
It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data, to construct new online personas. And in doing so, they fly under the radar, so to speak, presenting themselves as...
Compliance firm Fintracking has debuted a “pay-as-you-go” platform for ID verification. “The new platform provides a flexible and efficient way for businesses to securely verify identities and transactions, ensuring compliance and fraud prevention,” the Toronto-based company said in a news release Thursday (June 6). Included...
Identity verification provider iProov says its biometric tool has achieved a notable milestone. The science powering that tool, iProov’s Dynamic Liveness Solution, is the first to receive the new global certification on face biometric identity verification from industry association the FIDO Alliance, iProov said in a Thursday (June 6)...
As we move fast and furiously into a digitally connected economy, payments modernization is essential. After all, how businesses and consumers pay, and get paid, is central to defining the future of both commerce and daily life. That’s why the modernization of payment systems is...
With so much focus placed on mobile banking and digital wallets, online transactions are often lost in the mix. While mobile devices have become ubiquitous, conducting transactions via desktop browsers is still an essential channel. And with the move online comes a different variety of...