Latest Identity News: Finextra Research

Mastercard vows to give consumers control of digital identity

Mastercard is taking on the tricky subject of digital identity, setting out its vision for a system that gives individuals control and stresses the importance of inclusion, confidentiality and transparency.

27 March 2019

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Money 20/20 Asia Q&A: ForgeRock’s Linden Dawson on identity services showstoppers

Linden Dawson, APAC customer success manager at ForgeRock, took to the stage at Money 20/20 Asia in Singapore to discuss the evolution of biometric technologies and how industry players are forced to weigh up the security vs. convenience paradox. Following the panel session, Finextra caught up with Dawson to ask how identity initiatives are being implemented in Australia and Southeast Asia, with respect to cultural issues and data management.

26 March 2019

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Money 20/20 Asia: Leveraging data to provide the unbanked with credit

Money 20/20 Asia day three opened with a detailed discussion on reaching the unbanked in South East Asia, following an age in which financial inclusion has been driven by regulatory and policy mandates. Today, the ‘financial inclusion market’ is leveraging data analytics to offer a greater choice for consumers and expand in areas that financial institutions previously avoided because of increased paperwork.

21 March 2019

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The Future of Personal Identity: Opportunities and risks for banks

As Google and Facebook come under increasing scrutiny over consumer data privacy issues, Finextra's Future of Personal Identity 2019 report reveals new opportunities for banks to rebuild trust and take on the threat from Big Tech giants.

19 March 2019

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GOV.UK Verify slammed by National Audit Office

GOV.UK Verify has been criticised in a National Audit Office (NAO) report after only 3.6 million users signed up for the digital identification scheme – way off the 2020 goal of 25 million goal.

05 March 2019

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Jumio introduces biometric video selfie identity proofing

In an interview with Finextra, Jumio’s president Robert Prigge explains the reasoning behind the firm's new 3D video selfie verification, which combines the enrollment and authentication phases of the identity proofing process.

12 February 2019

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Metro customers hit by text-targetting attack

Metro Bank has fallen victim to a new type of cyber fraud that targets the codes sent via text messages used to verify transactions.

05 February 2019

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Payments body calls for digital IDs to tackle financial crime

UK financial institutions and payment processors should collaborate on the creation of a national digital identity scheme to face down the threat posed by money laundering and payments-related financial crime, according to a new report published by the Emerging Payments Association (EPA).

31 January 2019

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Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

11 January 2019

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Swift Operations Forum Europe 2018, Amsterdam - Day 2 report

Cyber crime dominated conversation on day 2 of the Swift Operations Forum Europe (SOFE) 2018 - from examples of how hackers have evolved and the methods they now use, to how institutions can protect themselves and what organisations should do when the worst happens.

30 November 2018

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Bitcoin price plunge fails to dilute optimism for blockchain technology

On the day of the bitcoin nosedive to the lowest price seen in 2018, LendIt Europe 2018 attendees heard former chancellor of the exchequer George Osborne reveal that the idea of a globally accepted digital currency is being advocated in political circles.

21 November 2018

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N26 to offer Mastercard exchange rate with no mark-up in event of no deal Brexit

In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.

12 November 2018

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