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Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

In terms of cyber hygiene, MAS will require DTSPs to meet basic security standards, such as securing admin accounts, applying security patches, applying anti-malware measures, and strengthening user authentication.

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Credorax, Samsung To Introduce Blockchain-Based Open Banking

PYMNTS

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. The Nexledger Consensus Algorithm will also make it possible for businesses to utilize different blockchain cores, like Hyperledger Fabric and Ethereum.

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Global Automotive Blockchain Revving Up?

PYMNTS

Blockchain beyond bitcoin. One estimate that debuted this week via Business Intelligence and Strategy Research (aka BIS Research) states that the global automotive blockchain market will reach $1.6 Patent and Trademark Office that would leverage blockchain to secure user authentication efforts and boost security initiatives.

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Capital One fills blockchain patent to assist customer authentication

The Paypers

(The Paypers) Capital One , a US-based banking group, is considering using blockchain to usher in convenient and secure user authentication methods.

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1Kosmos Unveils its BlockID 1Key Solution for Mobile-Free Passwordless Authentication

Finovate

BlockID 1Key is a biometric security key that provides passwordless multi-factor authentication for customer help desks, retail bank branches, and other environments deemed too sensitive to allow access to mobile devices. Blockchain-powered identity and authentication platform 1Kosmos launched its BlockID 1Key solution this week.

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Person Present: The Future Of Card Not Present Identity Verification

PYMNTS

Identity verification and user authentication are hot spaces right now, and only getting hotter as merchants, financial institutions (FIs) and consumers demand more foolproof protection against fraudsters. It’s a philosophical question with a million different answers depending on who’s asking.

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Payments Automation: Everything You Need to Know

Payment Savvy

Payment automation can provide increased security measures, such as data encryption and user authentication, which can help prevent fraud and unauthorized access to financial data. Blockchain: Blockchain technology can be used to create a more secure and transparent payment process, reducing the risk of fraud.