Digital Identity news and trends

UK to Make Government-Issued Documents Available in Digital Wallet
Mobile Wallets // January 21, 2025

The U.K. government said Tuesday (Jan. 21) that it will launch a GOV.UK Wallet later this year and then work to issue government-issued letters and identity documents virtually and make them available to people on their phones. Digital versions of a Veteran Card and a...

Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules
Security & Fraud // January 06, 2025

The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is struck. It’s at that point that fake merchants, false storefronts and money laundering can wreak...

The Five Not-So-Obvious Things That Will Change the Digital Economy in 2025
Digital Payments // January 06, 2025

It’s only been for the last 443 years that the start of the new year was celebrated on January 1st.  For millennia before that, it wasn’t until late March and on the day when the number of hours between darkness and light was the same....

Global Live Events Industry Focuses on Biometrics in 2025
Biometrics // January 02, 2025

Biometrics are increasingly being adopted for use at sports and other live events. The technology is being used to enhance ticketing, credentialing, and sales of concessions, merchandise and alcohol, BiometricUpdate.com reported Tuesday (Dec. 31). The report cited examples of solutions being deployed by companies and...

Interviews & Exclusives
Bank Account Intelligence: The New Frontier in Credit Decisioning

January 28, 2025
A bank account represents a direct connection to a business or consumer’s daily financial life. It holds all manner of data points that give lenders and payment service providers the information they need to improve their decision making, ward off would-be fraudsters and inform credit underwriting. Call it “bank account intelligence.” As ValidiFI CEO John […]

Merchants Beef Up KYB as FinCEN Plays Hardball on Beneficial Ownership Rules

January 06, 2025
The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is...

US Bank Division Sees AI and APIs Meeting Customer Expectations

January 02, 2025
If trust between financial services firms, merchants and consumers is essential for commerce to take place, it’s a fragile bond. There are five main threats to that bond: credit risk;...

Digital Wallets Go Global, but Local Nuances Remain

January 01, 2025
One of the projects we were most proud of at PYMNTS Intelligence was our series produced with Google Wallet on the attitudes toward and usage of digital wallets. In short:...

Quick Reads
UK to Make Government-Issued Documents Available in Digital Wallet

January 21, 2025
The U.K. government said Tuesday (Jan. 21) that it will launch a GOV.UK Wallet later this year and then work to issue government-issued letters and identity documents virtually and make them available to people on their phones. Digital versions of a Veteran Card and a driver’s license will be available for the wallet later this […]

Global Live Events Industry Focuses on Biometrics in 2025

January 02, 2025
Biometrics are increasingly being adopted for use at sports and other live events. The technology is being used to enhance ticketing, credentialing, and sales of concessions, merchandise and alcohol, BiometricUpdate.com...

ValidiFI: Cross-Referencing Identity Elements Helps Spot Fraud Risk

December 19, 2024
Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report...

MoneyLion Acquired by Gen Digital to Create Financial Security Ecosystem

December 10, 2024
Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion’s financial...