EyeVerify launches cloud ID platform in Asia, rebrands to Zoloz

EyeVerify is now providing its cloud-based identification solution for the underserved and underbanked people in Asia, according to a company blog post written by founder and CEO Toby Rush. Since being acquired by Ant Financial Services Group last September, Rush said the company as expanded worldwide with new customers in North America, Europe and Asia; made strategic partnerships, and increased its investment in research and product development. By integrating Eyeprint ID into Alipay’s lifestyle app, Rush said the company has

Seamless financial services: the challenge to deliver both security and convenience

This is a guest post by Xavier Larduinat, Head of Banking and Payment Innovation at Gemalto. Since the dawn of the smartphone just over 10 years ago, consumers’ approach to banking and payments has changed radically. For many, the ability to access account information or make payments via an app has become so prevalent that physically visiting a bank branch is a novelty. While specific services might still need to take place face-to-face, for most people a smartphone represents the

Bank of America to pilot Samsung iris recognition for mobile banking

Bank of America will soon launch a pilot program in which it will use Samsung’s iris biometric authentication technology to allow mobile banking clients to log in to the app by taking a photo of their eye, according to a report by American Banker. The pilot is part of an overall initiative to assess customers’ interest for a range of biometric authentication technologies, according to Michelle Moore, head of digital banking at Bank of America. “One thing we know we

InAuth, AimBrain to deliver six-factor mobile authentication solution

InAuth and AimBrain have partnered to enable banks and financial institutions, digital wallet providers, payment service providers (PSPs) and other organizations to deliver up to six factors of authentication for their customers’ mobile transactions. InAuth’s InMobile solution enables clients to determine the trustworthiness of the mobile device itself, while AimBrain’s authentication technology uses facial, voice and behavioral biometrics to verify the identity of the customer. The companies’ complementary technologies will help financial institutions implement strong customer authentication practices, while delivering a

TSB Bank to add iris recognition to mobile app

TSB Bank will introduce iris recognition capabilities to its mobile banking app starting this September, enabling customers to login to their bank account by simply glancing at their device, according to a report by the BBC. As a result, TSB will become the first bank in Europe to offer the technology. Customers will need the latest Samsung Galaxy S8 device and register their irises to use the feature. The banking mobile app currently enables TSB customers to log on to

HSBC, Barclays join EU project aimed at testing digital ID standards for cross-border banking

HSBC and Barclays have joined a new EU group comprised of private and public sector organizations testing the use of a citizen’s national digital identity from France to open a bank account in the UK, according to a report by Finextra. The Project, which is co-financed by the European Union’s Connecting Europe Facility, will also include the UK Government Digital Service (GDS), Orange, OT-Morpho and the Open Identity Exchange (OIX UK). The organizations will test the use of public sector

Biometric banking

This is a guest post by Paul Sheldon Foote, of the Department of Accounting at California State University, Fullerton. Many banks around the world, large and small, continue to experience major security failures. At this year’s Kaspersky Security Analyst Summit (April 2 – 6, 2017), Kaspersky Lab analysts explained their investigation of the takeover of a bank for several hours in Brazil by cybercriminals. The takeover of the bank started with a spear phishing attack. Next, the cybercriminals used a

BioMetric Signature ID acknowledged at Texas Bankers Association convention

BioMetric Signature ID (BSI) has been awarded the 2017 “Best of Show” award at the recent Texas Bankers Association 133rd Annual Convention held in San Antonio, Texas. The biometric ID verification software solution developer was selected from more than 90 vendors who showed exemplary marketing, presentation and activity during the convention. “It’s an honor to receive TBA’s ‘Best of Show’ award,” commented Jeff Maynard, president and CEO of BioMetric Signature ID. “There was lots of excitement from attendees who were

Gemalto launches machine learning-based fraud prevention solution for banks

Gemalto is releasing the Gemalto Assurance Hub, a machine learning-powered fraud prevention solution for online banking that analyzes the profile and the behavior of customers in real time. The platform only activates additional authentication measures when required, providing a seamless user experience. The solution comes amid the growing occurrence of cyberattacks against online banking services, as well as financial institutions requiring to comply with emerging banking regulations such as Revised Payment Service Directive (PSD2) and Federal Financial Institution Examination Council

Eyeprint ID integrated into Daon’s IdentityX authentication platform

EyeVerify‘s Eyeprint ID technology will be integrated into Daon’s IdentityX authentication platform, allowing for the first time eye recognition capability to be included in the IdentityX platform. “Collaboration with leading providers of best-of-breed authentication technologies as part of our IdentityX authentication platform is a win-win. Our partners win through fast access to our large global customer base, our customers win by having rapid access to innovative technologies and we win as the IdentityX platform grows as a thriving and innovative