Digital ID

Coronavirus lockdown spurs widespread adoption of digital ID tech in Canada

07/09/20

The coronavirus pandemic has led to a massive surge in Canadians using digital identity authentication platforms to get immediate access to government emergency aid.

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'Everything is breakable': Why BBVA wants to ditch passwords

01/14/20

The bank is investing in a new authentication platform because password-based security systems have too many weaknesses, says Juan Francisco Losa, BBVA’s global head of security architecture.

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Congress needs to hurry up on data protection

10/30/19

Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.

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Data aggregators push back against notion they have a fraud problem

09/30/19

Fincen and others say third parties are proving to be treasure chests for crooks who create synthetic identities, but aggregators argue they help detect risk banks can’t see.

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Digital IDs: The next financial services frontier?

08/28/19

The idea of a common digital identity for consumers has become more compelling amid the digitalization of the world's economy. Many bank and credit union executives consider it a natural fit, one the industry should be prepared to lead on.

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PayPal-backed blockchain aims to help banks verify digital IDs

07/16/19

A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.

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Spring Labs raises $23M, plans to expand customer ID blockchain

06/12/19

The Los Angeles company has established a network that is designed to help verify the identities of consumer and small-business borrowers. It says 20 lenders are participating and that it is trying to recruit more.

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6 takeaways from the Global Payments-TSYS merger

05/28/19

Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last.

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BofA, Wells Fargo sour on blockchain

03/28/19

They haven't thrown in the towel yet, but comments by top executives at the two big banks suggested that their interest in finding financial services uses for distributed ledgers is wearing very thin.

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Tech firms Jumio, ComplyAdvantage team up to help banks ID crooks

03/22/19

Alongside identity-document scanning and other ID verification, the two companies are offering real-time checks of lists of suspicious persons. The goal: keep money launderers out of the banking system.

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