Biometrics in Banking and Payments seminar in London

Citibank, Citigroup Centre 16th Floor, Canada Square Canary Wharf, London, UK The Biometrics in Banking and Payments seminar will reflect the trends and opportunities of biometrics in the financial market. It will be discussed how processes can be designed both convenient and privacy compliant. The speakers will provide you with their experience on how to best benefit of biometric technologies and solutions. Financial institutions get free entrance (lunch included). The seminar presents a line-up of excellent international speakers, ranging from

EAB bringing its Biometrics in Banking and Payments seminar to London

The European Assocation for Biometrics (EAB) is presenting its 6th seminar on Biometrics in Banking and Payments on Friday, October 21, 2016 at the Citigroup Centre, Canada Square, Canary Wharf, London. Speakers from leading biometric companies and solution providers will present about use cases and discuss the possibilities of using biometrics for convenient and secure authentication. More than 14 financial institutions will participate, including Mastercard, Lloyds Banking Group, Tesco Bank, Vanquis Bank, Citibank, Visa, Financial Fraud Action UK, Allied Irish

Fonmoney deploys HooYu identity confirmation technology

Identity confirmation provider HooYu announced that its identity confirmation technology is helping online money transfer specialist Fonmoney to fast track its KYC (know your customer) procedures for welcoming and verifying new customers. HooYu is now being integrated into the Fonmoney site so that users can now quickly and easily be verified through HooYu’s unique combination of digital footprint analysis, ID document authentication, facial biometrics and identity scoring. Once the customer has passed the automated HooYu ID confirmation, they can send

Equiniti launches Daon-based mobile biometric authentication service

Equiniti Group PLC has partnered with Daon Inc. to launch Prequel, a mobile biometric authentication and identity lifecycle solution. By partnering with Daon, Equiniti has developed one of the only end-to-end digital onboarding services in the UK that is convenient, secure, and easy to use, Equiniti said in a press release. Using Daon’s IdentityX Platform, Prequel mobile app is able to facilitate multi-factor, multimodal mobile biometric authentication for the financial services industry. The mobile app also includes key identification and

World Economic Forum releases digital identity report

The World Economic Forum (WEF) recently released a report on the importance of digital identity for financial institutions. The report, entitled “Disruptive innovation in financial services: A blueprint for digital identity”, is intended as a guide for chief strategy officers at financial institutions, as well as policy makers, who are interested in the topic of identity and want to understand digital identity and their own potential role in the creation of robust digital identity systems. The report lays out, in

ABI Research predicts that chip card vendors will adopt new form factors

ABI Research has released new research that finds that the Chinese and U.S. EMV (Europay-Mastercard-Visa) payment cards markets are experiencing double-digit year-on-year growth, responsible for more than 50% of 2.8 billion EMV cards shipped worldwide. But as the migration phase for these market regions comes to a close, the industry will soon experience a ripple effect driven by a flattening market in China and a dip in U.S. shipments due to overstocking. ABI Research finds the proliferating negative discussions among

Integrated Biometrics sees growing global demand for fingerprint products

In an effort to keep up with growing global demand for reliable fingerprint biometrics products, Integrated Biometrics announced that it has published French and Spanish versions of its company website. “The demand for reliable fingerprint biometrics products continues to grow across the globe, which is driving our development of our multi-lingual website and outreach at industry events with strong international presence,” Integrated Biometrics Vice President David Gerulski said. Gerulski explained that interest from Spanish speaking countries and African nations with

New Gozi Trojan can dupe some behavioral biometrics security measures

A new version of the Gozi banking trojan that is currently active in Japan, Spain, and Poland, has the ability to go undetected by some behavioral biometrics security measures, according to a report by Softpedia. The new Gozi version targets a range of financial organizations including PayPal, CitiDirect BE, ING Bank, Société Générale, BNP Paribas, and the Bank of Tokyo. This latest version of Gozi is not related to GozNym, another banking trojan that been circulating following last year’s leak

NetGuardians, BehavioSec to provide behavioral biometric technologies

NetGuardians and BehavioSec are partnering to leverage their complementary technologies to provide comprehensive fraud protection to both financial institutions and their clients around the world. NetGuardians specializes in user behavior analytics and profiling to implement controls for fraud and compliance issues, while BehavioSec’s behavioral biometric technology analyzes behaviors at the user transaction level and alerts the organization of any behavior changes that signal misuse. Through their new joint offering, the companies will enable financial institutions to protect clients by statistically

NICE Actimize launches multi-factor authentication solution

NICE Actimize has launched Authentication-IQ, a solution that manages multiple authentication methods across financial institution channels with an integrated strategy in an effort to improve security, customer experience, and cost efficiency. NICE Actimize’s Authentication-IQ applies advanced analytics that intuitively select the most effective authentication method to use in a specific transaction, based on the risk of fraud, consumer preference and cost efficiency. Using Authentication-IQ, financial institutions are able to optimize authentication methods across digital channels and the contact center to