Identity verification

Fully automated compliance is big hurdle for this fintech's APIs

06/14/19

Synapse is working to refine its application programming interfaces to meet know-your-customer and other complex requirements, but it's a tall order, the head of the back-office-services platform says.

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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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Should San Francisco's ban on face-recognition tech worry banks?

05/16/19

Police and city agencies can no longer use facial-recognition technology, which civil liberties groups say infringes on human rights. The measure may be an ominous sign for biometric login authentication.

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Blockchain adopted by Canadian banks to verify client identities

05/01/19

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services.

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Will telecoms' tighter data sharing cripple banks' fraud detection efforts?

04/29/19

Many banks rely on the location data they get from carriers through data aggregators to spot fraudulent transactions. With telecom companies shutting that source down, banks are worried it could significantly hurt their capacity to detect fraud.

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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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'Friendly fraud' is on the rise. Are banks complicit?

03/19/19

Reports of improper charges by perpetrators who know the victim soared last year. Issuers and card networks are failing to tighten security, clearly label transactions and police chargebacks, critics say.

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Credit union blockchain consortium enlists IBM to plot expansion

03/15/19

CULedger and the computing giant will work to develop blockchain technologies, create new products and improve existing ones.

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Why this small bank created a separate, digital-first brand

02/25/19

Midwest BankCentre in St. Louis, with the help of a stable of fintechs, started Rising Bank to keep up with big banks in the hunt for deposits and millennial customers.

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AI fintechs flush with venture capital sharpen focus on bank market

02/22/19

ComplyAdvantage, Cinnamon and Zoovu recently raised millions of dollars to fuel expansion of their automated risk management, data-scanning and customer service products geared toward financial services companies.

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