Latest Identity News: Finextra Research

SoFi fined $1.1 million over flawed ID programme that led to multi-million dollar fraud

SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra over ID verification failures that enabled thieves to steal $8.1 million from the accounts of customers at other financial institutions.

08 May 2024

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Fime acquired by Gallant Capital

Private equity firm Gallant Capital Partners has acquired payments consultancy and testing specialist Fime as well as the UL Solutions payments testing business and merged the two. Financial terms were not disclosed.

07 May 2024

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Permira to take majority stake in BioCatch

PE firm Permira is buying a majority position in BioCatch in a deal that values the Israeli behavioural biometrics company at $1.3 billion.

03 May 2024

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NextGen Nordics 2024: Can behavioural biometrics fix fraud?

Moderating her second panel of the day - Fraud prevention and AML: the need for behavioural biometrics in this instant age - Finextra’s senior reporter Niamh Curran spoke to Megan Heald, senior project manager at NICE Actimize, John Sam-Kubam, senior vice president at Crown Agents Bank, Beju Shah, head of Nordic centre at the Bank of International Settlements, and Robert Woods, director international market planning and financial services SME at LexisNexis® Risk Solutions.

25 April 2024

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Emirates NBD carries out PoC for digitally native trade documents

Emirates NBD has teamed with a trade finance platform and two fintechs on a proof-of-concept for a transaction involving digitally native trade documents with the application of participants' digital identity.

25 April 2024

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EBAday 2024: The future of CBDCs, tokenised deposits and stablecoin adoption

Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).

22 April 2024

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Insurers target crypto market

The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.

10 April 2024

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David Birch confirmed as EBAday 2024 challenge speaker

Exploring digital money, digital assets, digital identity and the future of banking, David G. W. Birch has been confirmed as the keynote speaker for one of the most compelling sessions at EBAday every year.

05 April 2024

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UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

Chair of the Ubiquitech Group Dr. Ruth Wandhöfer has released a report offering practical recommendations for bolstering a digital economy that builds trust, provides access to sustainable infrastructure and secure data highways, and accelerates digital inclusion and education.

21 March 2024

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TransUnion launches AI-powered data analytics platform

Credit bureau TransUnion has unveiled a cloud-based AI-powered data and analytics platform for financial institutions.

18 March 2024

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MPE 2024: What does a smart city look like?

In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.

13 March 2024

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MPE 2024: What will be the impact of a digital euro?

At the Merchant Payments Ecosystem 2024 conference in Berlin, Evelien Witlox from the European Central Bank (ECB) presented a keynote on the possibilities of a digital euro.

13 March 2024

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