ATO attacks surge in Q2 2024, Sift warns of growing ‘Fraud-as-a-Service’ threat
A recent report highlights the growing threat of account takeover (ATO) attacks, which surged by 24 percent in the second…
Financial Services
Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.
Singaporean regulators zoom in on Worldcoin
Singaporean data protection authorities have not specifically ruled out taking action against Worldcoin, but it is not currently under investigation…
Au10tix highlights APAC as hotspot in global identity fraud report
Based on data from millions of transactions processed between April and June 2024, Au10tix’s Q2 2024 global identity fraud report,…
Tencent Cloud launches palm vein biometrics for contactless payments
During the Tencent Global Digital Ecosystem Summit, Tencent Cloud unveiled a palm verification system that utilizes infrared cameras to capture…
Cross-border remittances on Trulioo’s AML platform spike
Trulioo reports a 142 percent increase in cross-border remittance transactions processed through its biometric identity verification platform compared to a…
West Africa unifying legal framework for financial inclusion, digital economy
West Africa is at the precipice of a digital economy shift, with efforts spearheaded by governments and organizations across the…
Mastercard, Smile ID partner to scale up merchant KYC in 50+ African countries
Mastercard’s Digital Merchant Onboarding Program (MDOP) has integrated Smile ID’s identity and document verification suite to facilitate merchant onboarding in…
Biometrics providers among CFIT group fighting UK financial crime
The Centre for Finance, Innovation and Technology (CFIT) has brought together a consortium of companies to find new ways of…
Hitachi biometrics to authenticate payments at 100 Japanese stores
Hitachi and Tobu Railway will commence the rollout of its biometric authentication service in over 100 locations around Japan including…
Corsight solidifies Paraguay presence with facial intelligence licensing deal
Grupo Vázquez, a business conglomerate based in Paraguay, has entered into an agreement with Corsight AI to obtain a license…
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