Id Verification news and trends

Passwordless Future Key to Competing in Digital Economy
Fraud Prevention // June 25, 2024

In today’s digitally connected economy, security and user experience are becoming increasingly intertwined and interdependent. Against that backdrop, the transformative potential of passwordless authentication represents a crucial step toward a more secure and efficient digital future. “A password is nothing but a shared secret, and...

Fintracking Launches Pay-as-You-Go ID Verification Platform 
Identity // June 06, 2024

Compliance firm Fintracking has debuted a “pay-as-you-go” platform for ID verification. “The new platform provides a flexible and efficient way for businesses to securely verify identities and transactions, ensuring compliance and fraud prevention,” the Toronto-based company said in a news release Thursday (June 6). Included...

Criminals’ Adoption of AI Remains Cautious, Report Finds
artificial intelligence // May 28, 2024

Despite public concerns about the potential for cyberattacks powered by artificial intelligence (AI), criminals have been slow to fully embrace the technology, according to a new report from cybersecurity firm Trend Micro.  Eight months after the company first reported on criminals using generative AI, an...

Treasury Prime and Footprint Team on ID Verification
Identity // May 28, 2024

Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. The partnership, announced Tuesday (May 28), gives banks and their FinTech clients access to Footprint’s know your customer (KYC) and know your business (KYB) technology. “Banks increasingly recognize that a...

Interviews & Exclusives
Passwordless Future Key to Competing in Digital Economy

June 25, 2024
In today’s digitally connected economy, security and user experience are becoming increasingly intertwined and interdependent. Against that backdrop, the transformative potential of passwordless authentication represents a crucial step toward a more secure and efficient digital future. “A password is nothing but a shared secret, and a shared secret is just a disaster waiting to happen,” […]

Spike in Identity Fraud Forces Banks to Embrace Innovation

April 23, 2024
To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical...

How a 190-Year-Old UK Bank Is Reimagining Payments

May 15, 2023
Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And although technology has simplified cross-border...

42% of Consumers Say ‘Verify Me’ Whenever They Pay for Goods and Services

May 02, 2023
Security is top-of-mind for consumers as data breaches swirl across the headlines. To that end, as found in the report “Consumer Behaviors and Perceived Security Across Devices,” done in collaboration...

Quick Reads
Plaid Adds Products, Partnerships Aimed at Serving Enterprise Customers

July 02, 2024
Plaid has been rolling out new products and partnerships in recent months, offering additional resources to a broader range of customers, including enterprises. For example, the firm rolled out its new credit underwriting solution, Consumer Report, in early June, saying that it brings bank account-level data to client firms so that the data can be […]

Fintracking Launches Pay-as-You-Go ID Verification Platform 

June 06, 2024
Compliance firm Fintracking has debuted a “pay-as-you-go” platform for ID verification. “The new platform provides a flexible and efficient way for businesses to securely verify identities and transactions, ensuring compliance...

Treasury Prime and Footprint Team on ID Verification

May 28, 2024
Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. The partnership, announced Tuesday (May 28), gives banks and their FinTech clients access to Footprint’s...

Prove Adds ID Verification Tools to AWS Marketplace

April 16, 2024
Prove has added its customer experience and ID verification/authentication offerings to AWS Marketplace. According to a Tuesday (April 16) news release, the addition lets customers access Prove’s commerce enablement, identity verification and identity...