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Security

Jumio Launches Real-Time Verification Solution, Powered Exclusively by AI

October 29 2019

“Jumio, the leading AI-powered trusted identity as a service provider, today announced the beta release of Jumio Go , the company’s first real-time, fully automated identity verification solution. It is designed to remove friction from the user onboarding process, while still fighting online identity fraud and meeting AML and KYC compliance mandates.”

On The Web

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Security

More Crooks Tapping ‘Synthetic Identity Fraud’ to Commit Financial Crimes

June 9 2022

“Identity theft remains a popular way for cybercriminals to ruin your credit score. But to steal even more and evade detection, a growing number of crooks are resorting to what’s called “synthetic identity fraud,” which involves creating fake personas to dupe lending agencies…To stop synthetic identity fraud, the US is developing the Electronic Consent Based Social […]
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Security

Nacha Brings Verification of Payment-Related Data to Its Phixius Network

January 14 2022

“As part of its effort to help users of its Phixius payment-data network mitigate fraud and enhance payment-routing certainty, Nacha announced Thursday the network will enable originators, fintechs, and financial institutions that originate and receive electronic payments to verify payment-related information, such as account ownership, account numbers, and routing information.”
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Deals

Identity Verification Company Trulioo Lands $394M

June 7 2021

“Online identity verification platform Trulioo has closed a $394 million series D round of funding at a $1.75 billion valuation, coming at a time when businesses across the spectrum have had to embrace digital transformation due to the global pandemic. Similar to how the need for electronic signatures has skyrocketed due to pretty much every […]
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Deals

Andreessen-Backed Startup Pindrop Agrees to Buy Next Caller

March 19 2021

“Voice security startup Pindrop Security Inc. has agreed to buy Next Caller Inc. , making its first acquisition to build out personalization and verification services as the coronavirus pandemic spurs a surge in call volumes. Pindrop Chief Executive Officer Vijay Balasubramaniyan said the deal was for a mix of cash and equity with additional payments […]
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Security

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

December 16 2019

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds […]

On The Wires

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Security

Socure Unveils Industry’s First BNPL-Specific Solution, Extending Its Leadership in Identity Verification and Trust for Alternative Payment Providers

July 9 2021

“Socure , the leading platform for digital identity verification and trust, today announced the introduction of the first identity verification and fraud solution purpose-built for the Buy Now, Pay Later (BNPL) industry. The solution leverages the technology and data currently used by more than 100 top BNPL providers, alternative payment providers, fintechs, banks, and credit […]
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Security

Boku Partners With French Carriers to Launch Mobile Identity Services in France

April 21 2021

“Boku Inc., (AIM: BOKU ), the world’s leading provider of mobile payment and identity solutions, and French mobile services providers SFR, Orange and Bouygues Telecom, today announced that they have signed a partnership to launch mobile identity products aimed at protecting consumers against cyber-hacks, account takeover attacks, SIM swap attacks, and other forms of digital […]