February 13, 2024
Can Banks and FinTechs Bridge the Divide to an Open...
By igniting a new wave of innovation in the financial industry, open banking promises to unlock a profoundly enhanced consumer payment experience. Its architecture not only facilitates faster payment methods...
February 09, 2024
Real-Time Biometric Attendance Trackers Spark Student Safety Concerns
The increasing attacks on educational institutions, especially in the U.S., has prompted a pressing need for robust security measures to safeguard school campuses. In response to this sobering reality, institutions...
February 08, 2024
Half of FIs Rely Entirely on External Data Encryption Tools...
Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters,” a...
February 06, 2024
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated by the recent introduction of real-time...
February 06, 2024
Entrust Enters Exclusive Discussions to Acquire Onfido
Entrust has entered into exclusive discussions to acquire Onfido. This potential acquisition would add Onfido’s cloud-based, artificial intelligence (AI)-powered identity verification (IDV) technology to Entrust’s existing portfolio of identity solutions, Entrust said...
February 05, 2024
EU’s AI Act: Premature or Prescient?
Is it possible to achieve a perfect balance between regulation and innovation over disruptive technologies? The European Union’s (EU) 27 member states appear to think so. The bloc unanimously endorsed...
February 05, 2024
Connected Fitness: Whoop Brings AI-Driven Virtual Coaching Into Wearables Category
This year, the connected wearables market will account for more than 504 million units, ranging from smartwatches to fitness trackers to earwear, according to market intelligence firm IDC. Looking to bring...
February 02, 2024
Report: Identity Theft Indictments Include Conspirators in $400 Million FTX...
Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. The hack took place in November...
January 31, 2024
Biometrics Startup Incognia Raises $31 Million for Anti-Fraud Tools
Biometrics startup Incognia has raised $31 million to develop its location identity offerings. The funding, announced in a Wednesday (Jan. 31) press release, will also help the company expand its presence in North America,...
