Latest Authentication News: Finextra Research

The Future of Digital Identity 2022

06 May 2022 1077 downloads

UK retailers lost £130 million in sales in first month of SCA rules

New data from Barclaycard Payments reveals UK retailers have so far lost out on £130m worth of sales as a result of not being fully compliant with new Strong Customer Authentication (SCA) rules which came in to effect last month.

14 April 2022

News/startups

BBVA fund invests in LatAm authentication startup Truora

BBVA investment fund Propel has lead a $15 million financing round in Colombian authentication startup Truora.

11 April 2022

News/identity

US banks back ID verification service

Some of America's biggest lenders have joined forces with Early Warning on a service that lets people use their bank login details to verify their identity when using participating business' sites and apps.

06 April 2022

News/payments

Visa and PopID team on facial verification payments in the Middle East

Visa is working with consumer authentication service PopID to bring facial verification payments to the Middle East.

06 April 2022

Company update/retail

FintechOS and Salt Edge form partnership

FintechOS, a global technology provider for financial services companies, and Salt Edge, a leader in offering open banking and secure customer authentication solutions, today unveiled a partnership to provide innovative and secure technology services to joint clients within the banking industry.

05 April 2022

Company update/identity

Identity proofing provider IDnow partners with Interpol

IDnow, a leading European provider for identity proofing, has announced a partnership with the International Criminal Police Organisation – Interpol.

18 March 2022

Company update/security

UW Credit Union partners MX to improve app data access

MX, the financial data platform and leader in modern connectivity, today announced a new data access partnership with UW Credit Union, serving University of Wisconsin communities and the first credit union in the U.S. to implement two-factor online banking login security—now a federal requirement for all financial institutions.

11 March 2022

News/crypto

FTX turns to Stripe for payments and ID verification

Crypto giant FTX and its US subsidiary have chosen Stripe to build an onboarding and identity verification flow for users joining the exchange, and to power payments for people adding funds to their accounts.

11 March 2022

News/regulation

UK merchants warned to get ready for imminent SCA

With the UK finally set to officially enforce Strong Customer Authentication (SCA) rules, vendor Forter is warning merchants that issuing banks are already issuing soft declines on transactions which have not been sent to 3DS and are not flagged as either exempt or out of scope.

04 March 2022

News/identity

TSB overhauls onboarding with Onfido’s biometric facial recognition

TSB has shaved 20 minutes off its onboarding journey to allow accounts to be opened in just 10 minutes. Further, mobile functionality has been updated so only eight scrolls are needed to sign up on a mobile device, compared to 60 scrolls on the website.

24 February 2022

Company update/security

iOS users pass facial biometric checks faster than applicants on Windows

Sumsub, an online verification platform that onboards tens of millions of users annually, is sharing data insights from its research on facial biometric checks.

22 February 2022

Company update/identity

Trulioo appoints Ramsbacker as CPO to advance digital identity strategy

Trulioo, the leading global identity verification company, today announced the appointment of Michael Ramsbacker as its first Chief Product Officer. A veteran product management leader, Ramsbacker has over 20 years of experience in the strategic execution of product strategies, particularly in the B2B technology industry. Ramsbacker will oversee the launch of new digital identity verification solutions via Trulioo GlobalGateway, the world’s largest network of identity data and services.

17 January 2022

Research/Authentication

Will banks use digital security as a post-pandemic differentiator?

17 January 2022 376 downloads

News/identity

iDenfy launches new phone verification service

Identity verification service company in Europe, iDenfy, has launched an enhanced version of phone verification.

30 December 2021

Research/Authentication

The Reinvention of Card Payments

17 December 2021 1209 downloads

Company update/security

South African payment security outfit Entersekt score investment from Accel-KKR

Entersekt, a global payment security company headquartered in Cape Town, today announced a strategic investment from Accel-KKR, a leading technology-focused private equity firm. The investment will enable Entersekt to accelerate its roadmap and fuel expansion into new markets.

09 December 2021

News/payments

Israeli fintech Tipalti sees valuation exceed $8bn

Tipalti, a provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.

09 December 2021