MasterCard is launching its Identity Check Mobile technology in 12 European countries, enabling online shoppers to authenticate themselves through facial recognition and fingerprints.

Technical body EMVCo and PCI Security Standards Council have announced that they are collaborating to support the upcoming launch of 3-D Secure 2.0 (3DS 2.0). The announcement was made at the PCI Security Standards Council Community Meeting of global cyber security experts in Las Vegas, U.S, last week (20-22 September).

Andrew Tryie, the chair of the UK government's influential Treasury Select Committee has called on banking industry regulators to develop action plans and policies to protect consumer interests in light of the increasing use of biometric technology to access accounts.

A year after the official launch of chip payment technology in the US, Visa is claiming steady progress, with the country already its largest EMV card market and fraud rates falling sharply.

IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.

The Securities and Exchange Commission has fined Merrill Lynch $12.5 million for ineffective trading controls which led to a series of "mini-flash crashes".

Asset management professionals continue to prioritize back-office automation and managing increased regulatory reporting, according to the 2016 Asset Management Industry Trends Survey released today by Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting.