identity verification

Today in FinTech: Ola Buys Digital Bank; Alt Finance Needs Stronger ID Security

Today in FinTech: Ola Buys Digital Bank; Alt Finance Needs Stronger ID Security
Today in FinTech: Ola Buys Digital Bank; Alt Finance Needs Stronger ID Security
March 25, 2022  |  Technology

In today’s FinTech news, ride-hail firm Ola acquires challenger bank Avail Finance, while Relay Payments launches a payments solution for the fleet industry. Plus, a...

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PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
March 25, 2022  |  Authentication

Money laundering is a perpetual challenge for banks, payments providers and the oversight agencies assigned to monitor them. Experts estimate that up to 5% of...

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Czech Security Firm Avast to Acquire Digital ID Company SecureKey 
Czech Security Firm Avast to Acquire Digital ID Company SecureKey 
March 24, 2022  |  Digital Onboarding

Global digital security and privacy firm Avast is planning to acquire digital identity and authentication company SecureKey Technologies for undisclosed terms, according to a press...

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Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
Tools Like Digital ID and Oracles Bring KYC Controls to DeFi
March 24, 2022  |  Digital Identity

Even without the urgency of cryptocurrency-enabled Russian sanctions violations, bringing know your customer (KYC) identity verification to decentralized finance (DeFi) was always a matter of...

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ID Verification Firm Mitek Buys UK’s HooYu
ID Verification Firm Mitek Buys UK’s HooYu
March 24, 2022  |  Partnerships

Digital identify verification firm Mitek has acquired HooYu, a U.K. company specializing in know your customer (KYC) technology. “The acquisition helps to ensure businesses know...

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OneAZ Credit Union on Leveraging Digital Identity to Ensure AML Compliance
OneAZ Credit Union on Leveraging Digital Identity to Ensure AML Compliance
March 24, 2022  |  Authentication

FIs with insufficient digital identity protocols risk being hit with a one-two punch from debilitating money laundering schemes as well as stiff government agency penalties...

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Apple, Arizona Introduce Driver’s License, State ID in Wallet
Apple, Arizona Introduce Driver’s License, State ID in Wallet
March 23, 2022  |  Technology

It will be a little easier for Arizona residents to get through the safety checks at the Phoenix airport, as Arizonans can now add their...

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Biometrics Brush Aside Passwords, Bring Curtain Down on ‘Security Theater’
Biometrics Brush Aside Passwords, Bring Curtain Down on ‘Security Theater’
March 14, 2022  |  Cybersecurity

It’s time to bring the curtain down on “security theater.” You’ve been an actor, perhaps, on that stage — and no bit player, either. Pindrop...

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