Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion’s financial empowerment resources to Gen Digital’s credit and identity protection solutions, the companies said in a...
The European Commission (EC) has adopted technical standards for cross-border European Digital Identity (eID) Wallets in the European Union (EU), saying this will help member states build their own wallets and release them by the end of 2026. The implementing regulations include uniform standards, specifications and...
ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a source familiar with the matter. The transaction was led by new investor Ribbit Capital, with existing investors Viking Global Investors...
Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert Wednesday (Nov. 13) to help financial institutions spot scams associated with the use of deepfake media created using generative artificial...
October 01, 2024
The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank — account verification, and in some cases continuous validation, is a […]
September 16, 2024
Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from...
September 12, 2024
First, digital wallets came for paper cash, credit cards and the leather billfold. Now, as they become more prevalent across end-users’ daily lives, gaining traction as a convenient and secure...
September 05, 2024
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming...
December 19, 2024
Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report released Thursday (Dec. 19). A comprehensive cross-referencing of phone, email, address and other identity elements against bank account data can spot fraud patterns missed by […]
December 10, 2024
Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion’s financial...
November 29, 2024
The European Commission (EC) has adopted technical standards for cross-border European Digital Identity (eID) Wallets in the European Union (EU), saying this will help member states build their own wallets and...
November 25, 2024
ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a source familiar with the matter....
