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News and resources on digital identity, trust, biometrics and Secure Customer Authentication.

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India offers UPI to the world

India offers UPI to the world

India is making a host of its e-governance tools - including the Unified Payments Interface (UPI) and Aadhaar identity service - available to other countries via open APIs.

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G+D to buy Valid's US payments and ID business

G+D to buy Valid's US payments and ID business

Why UK incumbents are the perfect pioneers for multi-cloud strategy

Why UK incumbents are the perfect pioneers for multi-cloud strategy

Money 20/20 EU: David Birch on the digital identity 'keystone'

Money 20/20 EU: David Birch on the digital identity 'keystone'

Ebury advances marketplace ambitions with stake in LoopingOne

Ebury advances marketplace ambitions with stake in LoopingOne

Tisa to commence live pilot of Digital ID scheme

Tisa to commence live pilot of Digital ID scheme

Identity verification provider ID-Pal launches in the UK

Identity verification provider ID-Pal launches in the UK

Checkout.com to acquire digital identity startup ubble

Checkout.com to acquire digital identity startup ubble

FinGo introduces vein ID-enabled vending machines

FinGo introduces vein ID-enabled vending machines

Signicat acquires UK RegTech Sphonic

Signicat acquires UK RegTech Sphonic

Seon raises $94 million to help fintechs meet sanctions obligations

Seon raises $94 million to help fintechs meet sanctions obligations

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[Webinar] Mainframe Modernisation: The Cloud Shift[Webinar] Mainframe Modernisation: The Cloud Shift
Identity blogs
Biometrics  

How businesses are meeting the challenge of fraud and the expectations of the new digital consumer

Traci Krepper

Traci Krepper - Experian UK&I - London

Digital Identity Management  

Why ‘Identify Profiles’ will help de-risk inclusive customer on-boarding

Chris Lewis

Chris Lewis - Synectics Solutions - Stoke-On-Trent

Banking Strategy, Digital and Transformation  

Out of office, home and away, moving up, moving on; when security goes AWOL

Steve Bradford

Steve Bradford - SailPoint - London

Digital Identity Management  

Will the Online Safety Bill protect people online?

Martin Wilson

Martin Wilson - Digital Identity Net - Uk

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Latest TV
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Why UK incumbents are the perfect pioneers for multi-cloud strategy

Why UK incumbents are the perfect pioneers for multi-cloud strategy

In the lead-up to EBAday 2022, Mike Walters, CPO of Form3 discusses what makes multi-cloud strategy such an attractive approach for large financial institutions and why are UK incumbents the perfect pioneers, the significance of APP fraud on European financial institutions, why financial institutions should look to the UK market to prepare for real-time fraud prevention strategies, and how banks can improve their cross-border transactions.
Meet the ‘Consumer Tribes’ in banking identified by Mambu

Meet the ‘Consumer Tribes’ in banking identified by Mambu

Laurel Wolfe, VP Marketing at Mambu, speaks on FinextraTV about the varying expectations among consumer segments, how banks & service providers should approach their product offerings with customer-centricity and how traditional sectors are entering the era of personalisation.
The Regulation and Responsibility surrounding Stable Coins and CBDCs

The Regulation and Responsibility surrounding Stable Coins and CBDCs

Sean Devaney, VP, Strategy for Banking and Financial Markets, CGI, speaks to FinextraTV during Sibos about Stable Coins and CBDCs. We hear about the difference between the two, whether these new digital currencies will be anonymous like cash and who will be responsible for regulating the new digital currencies.
Designing a Future Financial Landscape in a World Without Banks

Designing a Future Financial Landscape in a World Without Banks

Roland Folz, CEO, SolarisBank speaks off the back of Money 20/20 about how we would interact with money if banks didn’t exist and asks the question if we were to design the world of finance from scratch, how would we go about it in a way that is conducive to a fast, safe, and sustainable progress in the financial services industry.
The long read
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Níamh Curran

The Future of Digital Identity: Separating the digital from the individual

Níamh Curran - Reporter - Finextra
Discussion
APP fraud is a growing problem for banks
Ketharaman Swaminathan

Ketharaman Swaminathan

  Millions of Brits risking fraud by ignoring Confirmation of Payee warnings TIL that CoP already issues warnings regarding ID of Payee, just that most Payors ignore it.  Suggests that ID doesn't matter too much in curbing APP Scam.

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APP fraud is a growing problem for banks
Ketharaman Swaminathan

Ketharaman Swaminathan

  No brainer that your company hawks such a Digital ID solution? Fraud is wrong framing of the problem and ID is wrong solution for the real problem. Zelle, the A2A of USA, makes it crystal clear that, as long as the customer has authorized the payment, it's a Scam and not a Fraud. So, fraud is the wrong framing of the real problem. Maybe in a nod to this, the recent webinar on Finextra on this topic did call it APP Scam. ID matters in the case of Fraud. But, in all the cases of APP Scams that I've come across, what seems to matter is the purpose for which the payee tells me to send the money to her. If the purpose is kosher, I don't need to care about the payee's ID. Like, I buy hundreds of things from Amazon and I don't know the name of a single Amazon employee. OTOH, if the purpose is not kosher, I don't see how it helps to know the payee's ID.  Can you give an example of where your firm's ID solution has been used to prevent an APP Scam (not Fraud)?

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TSB overhauls onboarding with Onfido’s biometric facial recognition
Zeeshan Anwar

Zeeshan Anwar

  Here is a good example of what is in the booming China Buying Food with Facial Recognition in China - YouTube

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TSB overhauls onboarding with Onfido’s biometric facial recognition
Zeeshan Anwar

Zeeshan Anwar

  Another step in reducing time from the transaction. Wish we were now able to introduce facial recognition biometrics in our day to day other transactions activities. This could poltentially be "taking a can of pepsi" out of a vending machine or a "ticket at the train station's ticket vending machine" or "even filling up fuel at Shell/BP" or perhaps "buying grocery from ASDA" (as most of their self check-out have now introduced camera enabled screens) after simply smiling and blinking your eyes in front of the facial recognition biometric screen. All of this is very much possible, provided you have funds in the account to enable you conduct the transaction. 

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Featured
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London Stock Exchange acquires KYC specialist Global Data Consortium

London Stock Exchange acquires KYC specialist Global Data Consortium

Finextra's year in review

Finextra's year in review

Australia's eftpos wins government approval for digital ID exchange

Australia's eftpos wins government approval for digital ID exchange

Bank-backed identity app itsme raises €24.7 million

Bank-backed identity app itsme raises €24.7 million

The long read
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Hamish Monk

The Future of Digital Identity 2022: Equitable development and accessing digital identity

Hamish Monk - Writer - Finextra
Elsewhere...

  1. Wired

    Stripe discriminates against witches

  2. The Record

    Hacker steals government ID database for Argentina’s entire population

  3. Motherboard

    Ransomwared bank tells customers it lost their SSNs

  4. BBC

    Klarna: 'I got a £30 bill - but I didn't buy anything'

  5. BBC

    Why your face could be set to replace your bank card

The long read
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Madhvi Mavadiya

The Future of Digital Identity 2022: Preventing fraud in the 5G and IoT era

Madhvi Mavadiya - Finextra Research