Latest Identity News: Finextra Research

Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.

08 October 2025

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India to add biometric authentication for UPI payments

Indians will be able to authenticate payments made through the country's Unified Payments Interface via facial recognition or fingerprints, according to Reuters.

07 October 2025

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Cybersecurity concerns on the rise for consumers

A majority of consumers believe it is harder to secure their information on digital platforms than their physical homes, according to recently published research.

06 October 2025

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BritCard backlash: Fintech leaders warn against government monopoly on digital identity

Last week, UK Prime Minister Sir Keir Starmer announced a new digital identity scheme that would be mandatory in order to work in the UK. Dubbed BritCard, the new digital ID is intended to “combat illegal working while making it easier for the vast majority of people to use vital government services.” By ending the need for manual identity checks with paper-based records, the UK Government claims this will simplify applications for driving licenses, childcare and welfare, and streamline access to tax records.

01 October 2025

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Most SMEs would pay for a Digital Company ID service

More than eight in ten of UK small and medium-sized enterprises (SMEs) would be willing to pay for a Digital Company ID service, according to research commissioned by the Centre for Finance, Innovation and Technology (CFIT).

10 September 2025

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ID.me hits $2bn valuation on funding to tackle AI fraud

Digital identity wallet ID.me has hit a $2 billion valuation after raising $340 million across a funding round, combined with a credit facility.

04 September 2025

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Sam Altman fears AI-enabled fraud crisis

OpenAI CEO Sam Altman says it "terrifies" him that banks still use voice-based authentication methods in an era when the AI that he has helped bring into the mainstream can trick such technology.

24 July 2025

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Coinbase makes superapp play

Crypto platform Coinbase has rebranded its Wallet app as Base, consolidating payments, trading, chat and social features into a single, blockchain-based 'superapp'.

18 July 2025

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Keeta, Solo partner on blockchain-native credit bureau

Keeta Network, a high-performance blockchain that connects Web3 and traditional financial systems, aims to be a real-world tokenisation and financial interoperability frontrunner by working with Solo. Solo turns data into reusable, verified credentials, enabling banks, fintech firms and cryptocurrency platforms to make smarter, faster decisions, without compromising privacy.

06 June 2025