IDnow Accelerates Innovation in Identity Verification in UK as Brits Lose £6m to Coronavirus-related Scams
IDnow (www.idnow.io), a fast growing European identity verification provider, has seen demand for its AI and video identity software in the UK’s financial services sector more than double since the start of the year as growth in scams linked to COVID-19 continue to rise.
Since the start of the COVID-19 outbreak, much focus and value has been put on contactless and online interactions – particularly in the financial sector. New research commissioned by global analytics software provider FICO, conducted just before the pandemic took hold, shows that online interactions were already very much par for the course amongst UK consumers. The challenge for financial institutions appears to be ensuring that the entire on-... more
IDEX Biometrics set to drive down cost of biometric smartcards with new TrustedBio™ family of products and solutions
IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, today announced the launch of TrustedBio™ — a new family of dual-interface products and solutions designed to reduce biometric smartcard cost while improving both performance and security.
Forter, the leader in e-commerce fraud prevention, today announced availability of the Forter Loyalty Program Protection solution to protect high value rewards programs from fraud and abuse, enabling
Europe's top securities regulator has recommended the establishment of a real-time consolidated ticker tape to improve transparency for equities across the EU's fragmented markets. Following a review of market data pricing by exchanges and data vendors, the European Securities and Markets Authority (Esma) says that MiFID II has not delivered on its objective to reduce the cost of market data charged by trading venues.
F-Secure’s Cyber Threat Landscape for the Finance Sector highlights the broad range of threats facing the global finance industry
Thieves have been stealing money from banks since the 18th century. And while today’s thieves use cyber attacks to steal money from financial institutions, a new report from cyber security provider F-Secure shows that the range of threats facing organizations working directly and indirectly with the global finance sector go far beyond traditional theft.
Nivo, the Manchester-based instant messaging and identity verification platform, today published a research report which highlights the security risks of financial firms using email and SMS for customer communications. Written by Martin Hill-Wilson, who is recognised as a thought leader in Customer Experience, the report identifies email and SMS as messaging platforms popular with customers, yet easy touchpoints for identity theft and fraud. UK... more
La Fosse Associates Launches Pro Bono Cyber Security Recruitment Practice to Protect Vulnerable Charities From Cybercrime
Specialist provider of tech and cyber-security staffing solutions, La Fosse Associates, has launched a first-of-its-kind pro bono recruitment and advisory practice to help charities combat the threat of a cyber-attack on their organisations. La Fosse Pro Bono will operate with charities throughout the U
Research by fraud investigation technology provider HooYu has identified loopholes at Companies House that enables individuals to register as a director, to run businesses and to enable fraud and money laundering, even after they have been struck-off from holding company directorships.
Accuity Launches AI-Powered Financial Crime Compliance Screening to Detect and Prioritise Highest Risk Individuals
Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’, which increases the level of accuracy in detecting and evaluating screening matches during the KYC process.
The acquired cybersecurity business unit is focused in hunting and detecting breaches and threats in their clients’ networks as a continuous managed service. This business and client relationships help Nixu to strengthen its market position as one of the largest cybersecurity service providers in the fragmented Swedish market. Nixu has earlier acquired three companies in Sweden since entering the Swedish market in 2016. The acquired... more
Ninety Percent of Banks Lag in Ability to Authenticate Customers and Step-Up Security, Survey Reveals
OneSpan™ (NASDAQ: OSPN), a global leader in software for trusted identities, e-signatures and secure transactions, today announced the release of The Future of Adaptive Authentication in the Financial Industry, a report prepared by the Information Security Media Group.
A staggering 75 per cent of consumers would not know what to do if they fell victim to cybercrime. According to the Affinion Cybercrime SOS report, despite high levels of concern and awareness, there is widespread confusion about where the lines of responsibility fall and who to turn to.
NICE Actimize Enhances Sales Practices & Suitability Solution with Flexible Client Review Models and Investigative Tools
As regulatory bodies around the world step up enforcement of investment suitability regulations to ensure firms and advisors are properly managing investor wealth, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has enhanced its Sales Practices & Suitability solution with new flexible client review models and investigative tools that enable firms to align compliance programs with... more
NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced that it is partnering with M-Tech Innovations Ltd. ("M-Tech") to develop and deploy biometric smart card solutions. The collaboration targets contact-based and dual interface biometric smart card solutions to address current and evolving banking card standards. It comprises NEXT`s sensor technology that is successfully being used in millions of... more