Just months after buying IdenTrust, private equity firms Parallax Capital Partners and StepStone Group have offloaded the digital identity authentication firm to Swedish lock manufacturer Assa Abloy. Financial terms were not disclosed.
Private equity firms Parallax Capital Partners and StepStone Group have acquired a majority stake in digital identity authentication outfit IdenTrust. Financial terms have not been disclosed.
The Canadian government is to use bank-issued credentials from TD Bank, Scotiabank and BMO to enable citizens to obtain access to public services online.
Indian fintech vendor Polaris Software has agreed to buy an 85% stake in digital identity authentication outfit IndenTrust for $20 million.
Online bank security is set to emerge as a hot industry topic over the coming months and years, with the White House set to release plans for a national digital identity strategy, Federal agencies sitting on new proposals for strengthening bank-to-customer authentication, and the emergence of new online channels and technologies such as social media and cloud computing.
The European Commission has launched a public consultation on electronic signatures and identification as it bids to boost e-business and e-commerce across the continent.
28 October 2010 | 14732 views | 0
Twelve technology start-ups are competing for venture capitalists' blessing at a session on the final day of Sibos, the annual event run by financial messaging body Swift.
28 October 2010 | 13911 views | 0
A business that aims to create a complete view of a bank's financial health by using recycled financial messages is the favourite to win the Innotribe Lab pitching contest held at Sibos, the annual conference held by financial messaging body Swift.
Symantec has agreed a $1.28 billion cash deal to acquire VeriSign's identity and authentication business and a majority stake in the Californian security firm's Japanese business.