FIME has been accredited to test biometric components in line with FIDO Alliance’s Biometric Component Certification Program. The accreditation enables device manufacturers and solution providers to ensure the quality and performance of biometric authentication solutions including fingerprint, facial, voice, and iris recognition.

Klarna, the global payments and shopping provider, officially launches in Australia by introducing the Klarna Shopping app. The app which, starting today, will be available to download on iOS and Android, enables consumers to shop and pay with Klarna at any online retailer, bringing a unique consumer centric shopping experience to the Australian market.

Colt Technology Services has today announced it is furthering its Voice footprint bringing the offering to new countries including Australia, Bulgaria, Croatia and Hungary, taking its global Voice footprint to 29 countries.

As part of this global Voice expansion, Singapore, Slovakia, Canada and the US, will now also benefit from enhanced Voice capabilities.

Colt is committed to powering the way the world works through connectivity and a primary driver of this centres around removing the barriers faced by enterprises as they look to grow their global presence.

The PPI mis-selling scandal saw the emergence of a new industry with the birth of Claims Management Companies (CMCs). Producing riches for CMC bosses, and employing 20,000 people at its height, the CMC industry was unique to the UK, perfectly placed to help consumers secure PPI compensation, with banks paying out close to £50 billion in payments and admin costs.

Building on its commitment to connect and empower the global financial community by harnessing proprietary data and analytics designed to add greater client value, Refinitiv today announced the findings of its ‘Transformation of Wealth Management – Five Trends for 2020 and Beyond’ report in collaboration with Aite Group.  According to the report, key trends shaping today’s wealth management industry include: data and analytics, digitalization, customization, operational efficiency and client relations

Today, on National Data Privacy Day, Integris Software introduces its Data Privacy Dictionary, a new tool to help data privacy, data governance and data protection professionals have a common lexicon to improve their communication and privacy management programs.

Finastra announced that Guotai Junan International (GTJAI) has gone live with Finastra’s end-to-end equities derivatives trading and cross-asset risk solution, Fusion Sophis. The move has enabled GTJAI to launch trading operations in Hong Kong following a short implementation, helping to fuel the firm’s growth and maximize market share.

New account fraud, also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.

The digital revolution occurring in financial services – with more and more people using cashless (EMV) payments and online banking – has created a situation where new account fraud is emerging as one of the biggest concerns for retail banks.

As banks strive to make online banking even easier and payments even faster for their customers, they also face a race against the clock to keep their security up-to-date and compliant. Here are three fraud trends we expect to see move up the banking industry’s agenda in 2020…