Around the world, companies are rolling out innovations designed to authenticate identities, replacing cumbersome methods involving usernames, passwords and paper-based ID. Biometrics like facial recognition, fingerprint and iris scans and voice recognition technologies are increasingly being employed in everything from accessing devices and financial accounts...
The pandemic has altered day-to-day life in countless ways, driving a digital shift in banking, commerce and countless other services. For the first time, eCommerce sales are expected to hit $1 trillion this year, a significant milestone that exemplifies the titanic role of the internet...
As life becomes more digitally connected, consumers increasingly expect that all online transactions will be highly secure, simple and convenient. This standard is especially strong among consumers who use digital banking to access their accounts across multiple digital platforms, including mobile apps and mobile- and...
In this month’s "Monetizing Digital Intent Tracker," Nitesh Harsh, director of risk portfolios for Cortex Management, tells PYMNTS about the urgent fraud prevention upgrade needed to fight modern fraudsters who weaponize consumer identity credentials.
Identity fraud is one of the most pressing cybersecurity threats today, with 2.5 million identities stolen each year and affecting more than 15 million people in the United States. This problem hurts individuals and organizations: A recent study found that stolen identities were the top...
Uganda-based B2B FinTech Laboremus, which enables customer onboarding, has gotten funding to help it expand its product offerings, a press release said Friday (May 27). The companies providing the funding are DOB Equity and FCA Investments. Laboremus’ work involves a software-as-a-service (SaaS) which helps FinTechs...
Africa’s technology industry is booming, helped by a competitive tech landscape that has contributed to a leapfrogging effect of bypassing traditional paths like landlines straight to mobile phones. And over the years, this development has led to a rapid adoption of eBanking and mobile money...
The U.K.’s data-privacy watchdog’s recent $10 million fine on facial recognition company Clearview AI Inc. could spur innovation in the space, including advancements in payments technology, as it “sets clearer ground rules for balancing software innovation with people’s right to privacy,” according to a report...
India’s government has said its citizens will be able to access various official documents through the popular messaging app WhatsApp, a report said Tuesday (May 24). This will come with the integration with the country’s Digilocker digital documentation initiative into WhatsApp. With more than 487...