Turing researchers tackle over-reliance on blind trust in digital ID’s
The Alan Turing Institute is pleased to announce the publication of Facets of Trustworthiness in Digital Identity Systems, a Technical Briefing from the Trustworthy Digital Infrastructure for Identity Systems project. The publication introduces a new framework to be developed as a resource for and in consultation with governments, humanitarian organisations and industry stakeholders that are advancing digital identity systems.
Identity verification outfit Jumio secures $150 million investment
Source: Jumio
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
Equifax acquires ID trust network Kount
Equifax is to acquire digital fraud prevention network Kount for $640 million.
Covid-19 delays Strong Customer Authentication in travel with 66% of firms not ready for deadline
Source: Amadeus
The way online payments are made in Europe will enter a new era from 31st December 2020 as the Strong Customer Authentication (SCA) requirements of the Payments Services Directive II come into force.
White hat hackers expose huge biometric security breach
Privacy researchers at vpnmentor have uncovered a huge data breach in security platform Biostar 2, a centralised biometric access control system used by UK police forces and major banks.
PayPal-backed alliance for blockchain-based digital IDs begins beta testing
LuxTrust S.A., a leading Digital Trust Services Provider in Luxembourg, and Cambridge Blockchain Inc., a pioneer in digital identity enterprise Software, announced the private beta-testing phase for privacy-protecting European identity platform IDKEEP.
Citi launches real-time data validation service for institutions
Citi’s Treasury and Trade Solutions (TTS) has launched Citi Verify, a new identity and account verification solution that helps clients streamline customer onboarding, reduce the risk of improper payments, and drive operational efficiencies.
MUFG turns on biometric authentication with Nok Nok Labs
Nok Nok Labs (Nok Nok), the trusted leader in next-generation authentication today announced that its partner Hitachi, Ltd., successfully deployed the Nok Nok S3 Authentication Suite (NNL S3 Suite) at MUFG Bank, Ltd. (MUFG Bank), Japan's largest bank.
