PYMNTS Digital Identity Tracker, powered by Socure provides the latest news and trends happening in the digital identity space plus rankings of 126 digital identity players.
Fraud is constantly evolving, so why shouldn’t digital identity protection? The National Institute of Standards and Technology recently updated its Digital Identity Guidelines, to include authentication — and the scope goes well beyond passwords. PYMNTS’ Karen Webster checks in with Sunil Madhu, chief executive officer of Socure, and Paul Grassi, Senior Standards and Technology Advisor, Trusted Identities Group at the National Institute of Standards and Technology, to get a sense of what’s outdated and what works.
Digital identity verification company Socure announced news that it closed a Series B funding round for $13.9 million.
The Indian government could face a setback to its controversial biometric identification program in light of the country’s latest supreme court ruling.
The problem with life insurance, Legal & General Insurance, EVP James Galli told PYMNTS, is that consumers think it costs too much and that the process to apply is painful and paper-filled. The good news, Galli said, is that technology can help get consumers over both humps. And the Selfie has an awful lot to do with it. Just don’t smile.
Turns out we’ve been doing passwords wrong and that in almost any fashion, short or long, rife with symbols or your dog’s birthday, the protection is just not there. Passwords are good at short circuiting your brain, but not hackers’ brains. And, viva la ATM, while Ralph Lauren and rental cars get thrown off their respective trails for a bit.
Adam Vancini, head of authentication for virtual channels at Wells Fargo, explains why the bank is turning to mobile to better authenticate customers.
Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye.
Innovation in the tech industry moves pretty fast. If you don’t stop and look around every once in a while, you could miss it. In this week’s Commander in Chief series, we talk with Mitek Systems CEO James DeBello about how to keep the right head space when it comes to being on top of your game.
Thanks to fingerprint-scanning smartphones, consumers have grown accustomed to using physical biometrics to authenticate their identity. Paul Miller, CEO of security technology company mSIGNIA, says that there’s a way to take data from those same devices to create a digital biometric that could authenticate consumers — more reliably.
Come next year, FIs will need to share consumer data with FinTechs and merchants courtesy of PSD2. Euro Banking Association Secretary General Thomas Egner shares the ways in which FIs must protect this newly shared data and what’s coming next.
It’s been a little over a year since our Digital Banking Tracker heralded the “Dawn of Banking Voice Technology.” Now it’s more like the high noon of banking voice technology, with most major banks hosting their own incarnation — all with slightly different capabilities and adoption rates.
Developers and programmers — as they are wont to do — have been digging into the latest firmware release for the HomePod in an attempt to read the technological tea leaves on what’s next for the iPhone — specifically the soon-to-be-released “iPhone 8” (or iPhone X, or whatever Apple decides to call it).
Jumio, the creator of Netverify Trusted Identity as a Service (TIaaS), has announced the addition of eyeball tracking to Netverify’s biometrics capabilities. Eyeball tracking requires users to follow an icon on a mobile device’s screen with their eyes as it moves in a random pattern to verify identity.
Deep learning algorithms, AI and neural networks may be getting their day in the sun, but they’ve been around for a while. It’s just in the past 15 years that they have gained traction, technology that was once niche is now becoming more mainstream and cost-effective.