Fintech News

JUNE 17, 2025

It breaks down where compliance gaps remain, what businesses must do to protect themselves, and what’s next for verification in an increasingly high-stakes environment. Download the Guide to Secure Crypto Payments in APAC, with Sumsub and RedotPay. Featured image: Edited by Fintech News Hong Kong, based on image by putilich.55

Compliance 103

Compliance Travel Rule Regulations APACS 103

The Payments Association

JUNE 16, 2025

This leads to the necessity for online verifications, and the challenges thereof, which the report summarises well.” Offline functionality was contingent on the user having pre-downloaded funds, limiting its spontaneity during unexpected outages. Compliance policies will need to reconcile verification needs with GDPR and user rights.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Nanonets

MAY 23, 2025

Many businesses waste hours manually downloading attachments from emails, sorting through different formats, and typing data into QuickBooks. The AP team can then review just these flagged items instead of manually comparing every detail, turning what was typically a 15-20 minute verification process into a quick 2-minute exception review.

Automation 52

Automation AI Duplicate Process 52

Fintech Review

MAY 22, 2025

Trustless Verification: Anyone can verify your identity through Bitcoin’s blockchain, ensuring the integrity and authenticity of your digital identity. To begin participating in the auction process, users can download and install Akron here. To learn more about Spaces Protocol, users can visit the Spaces Protocol website.

Bitcoin 52

Bitcoin Privacy Authentication Security 52

Fintech Finance

MARCH 4, 2025

For instance: UK: PSRs APP fraud reimbursement rules EU: Verification of Payee (VoP) initiative Australia: Scams Prevention Framework Regulators around the world are taking different approaches to tackling the issue, and it remains to be seen which will be most effective, explains John Gidla, Head of Payments Compliance at Vixio.

Fraud Prevention 52

Fraud Prevention Deepfake Scams Fraud Detection 52

Finovate

JULY 7, 2025

Anonybit’s decentralized biometric cloud supports all major biometric modalities (face, voice, finger, iris, and palm) for both authentication and step-up verification. Photo by Brett Jordan on Unsplash The post Anonybit Partners with SmartUp to Introduce Digital Identity Solution for AI Agents appeared first on Finovate.

AI 64

AI Authentication Privacy Audit 64

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

Verification 115

Verification Scams Phishing Financial Crimes 115

Fintech Finance

AUGUST 22, 2024

Customers can easily download the NBK Mobile Banking App, which is currently available on various platforms including the App Store, Google Play, and Huawei AppGallery. The post NBK Unveils Payment Verification Service on Its Mobile Banking App appeared first on FF News | Fintech Finance.

Mobile Banking 111

Mobile Banking Verification Online and Mobile Banking Push-to-Card 111

PYMNTS

DECEMBER 8, 2020

The December AML/KYC Tracker® explores the latest in AML/KYC developments, including the growing problem of money laundering at cryptocurrency exchanges, the transaction analysis and user verification procedures exchanges are deploying to stop launderers, and the still-extant problem of money laundering at traditional financial institutions.

AML 104

AML Cryptocurrency Verification Money Laundering 104

PYMNTS

OCTOBER 8, 2020

“During mobile app sign-up, we verify details with 2FA using text messaging and email verification,” Wuerch said. “We Employing verification processes tied directly into the onboarding experience can eliminate friction and boost the likelihood that consumers will complete sign-up, he explained.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

Verification 72

Verification Scams Financial Crimes Crime 72

Segpay

OCTOBER 3, 2024

Age verification tools are crucial in the adult industry to ensure that only users of legal age (typically 18+) access adult content. Various tools and methods are used across platforms to verify age, ranging from simple age-checking prompts to sophisticated identity verification systems. It is GDPR-compliant and offers high security.

Compliance 105

Compliance Verification Database Online and Mobile Banking 105

PYMNTS

DECEMBER 4, 2020

Address verification and validation technologies have emerged to help co mpanies ease these issues. The December Digital Customer Onboarding Tracker® explores how the use of address verification tools can help improve onboarding and checkout experiences for customers, generating higher sales and fewer abandoned carts.

Verification 67

Verification Addressing API Procedures 67

PYMNTS

JUNE 27, 2017

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. JB: More recently, we recognized a growing global need for mobile identity verification solutions. JB: Innovation often means taking a risk.

Innovation 58

Innovation Verification AML Money Laundering 58

Fintech Finance

FEBRUARY 5, 2025

Numeral , a Mambu company, a leading payment technology provider for financial institutions, today announces the launch of its fully managed Verification of Payee (VOP) solution, empowering financial institutions to comply with the European Unions VOP regulation by the October 9, 2025 deadline. Download the guide at www.numeral.io/guides/guide-to-verification-of-payee

Payee 59

Payee Verification Compliance Payment APIs and Integration 59

CB Insights

MARCH 14, 2022

Download the report to learn more.</p> Download the report to learn more. Download the report to learn more. The post Income and employment verification technology provider Argyle raises $55M. js”></script> <script> hbspt.forms.create({. onFormReady: function ($form) {.

Verification 63

Verification Technology Participant FinTech 63

PYMNTS

MAY 14, 2020

Technology firms worldwide are working to meet the growing demand for reliable, remote and digital ID verification. For more on these and other digital identity news items, download this month’s Tracker. Developments From Around The World Of Digital ID. Trust & Will Deploys AI-powered Digital Solutions To Innovate Estate Planning.

Identity Theft 98

Identity Theft AI Federal Trade Commission Verification 98

PYMNTS

NOVEMBER 24, 2020

Many FIs and businesses are relying on 2FA measures that leverage SMS — or text message-based — verification to cater to a growing number of consumers who are using mobile channels to transact. The November Digital Consumer Onboarding Tracker® explores how phone-based verification and text messages can enhance onboarding and checkout.

Authentication 108

Authentication Consumer Online and Mobile Banking Verification 108

PYMNTS

AUGUST 6, 2019

The use of digital ID verification methods is becoming more prevalent in consumers’ everyday lives. Brazilian investment bank BTG Pactual, for one, recently integrated Jumio’s biometric ID verification system. For more on these and other digital identity developments, download this month’s Tracker.

Verification 59

Verification Authentication Governance Government 59

PYMNTS

NOVEMBER 13, 2020

Robust digital ID verification practices could make many fraud schemes a thing of the past, but many banks and businesses have yet to adopt them. billion digital ID apps are expected to be in use by 2025, with their growth being mostly attributed to the need for contactless ID verification during the pandemic. More than 6.2

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

NFCW

JANUARY 16, 2024

. “Our results suggest that policy-makers are advised to consider the role of intermediaries and verification rules when evaluating payment innovations, such as instant payment systems or central bank digital currencies (CBDCs).”

Contactless Payments 124

Contactless Payments Research Consumer Central Bank 124

The Payments Association

JANUARY 17, 2025

Drawn from deep analysis of our customer data and our field research over the last 12 months, this report, which you can download here , is our most comprehensive yet and covers more industries, regions, fraud types, and use cases than ever before. According to our data, 5% of all verification attempts we encountered in 2024 were fraudulent.

Account Takeovers 88

Account Takeovers Verification Payments Accounts 88

PYMNTS

FEBRUARY 24, 2020

CULedger’s MemberPass solution is a blockchain-based system that facilitates frictionless identity verification. MemberPass offers credit unions (CUs) or CUSOs a single digital credential that serves as member verification. BCU had test users generate digital identities in the MemberPass platform and download the Connect.Me

Blockchain 82

Blockchain Credit Union Credit Union Service Organization Wire Transfer 82

Fintech News

MAY 14, 2024

Deepfakes have since evolved into a formidable challenge for conventional identity verification methods. In February 2024, criminals used a combination of stolen identity cards and AI-generated faces to deceive identity verification systems.

Deepfake 119

Deepfake Authentication Verification AI 119

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Biometric verification is being installed in payment cards as well. For more on these and other digital identity news items, download this month’s Tracker.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Breach 94

PYMNTS

JUNE 9, 2020

RegTech firm Trust Stamp, which recently launched a new biometric and location tracking identity verification solution, has secured $1 million after just two days of its initial public offering (IPO). Other companies are adopting biometric identity verification solutions from third-party FinTechs.

AML 78

AML Verification Regs Money Laundering 78

PYMNTS

AUGUST 7, 2019

Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. Sharing economy platform users who had to submit there IDs to create accounts also reported feeling highly satisfied with their chosen platforms’ verification processes. In fact, 71.5

Economy 73

Economy Verification Authentication Accounts 73

PYMNTS

MARCH 14, 2017

specifically, identity verification has long relied on credit-based data — the existence of credit history along with knowledge-based authentication (KBA) questions — in digital channels or by showing a physical, government-issued ID in person. Essentially, the identity verification process can be a major friction point. In the U.S.

AML 44

AML Verification Money Laundering Authentication 44

Fintech News

MAY 27, 2024

This burgeoning fraud type poses significant challenges to fintech firms’ identity verification processes in APAC. Download the “2024 State of Fraud” whitepaper by Telesign here. Account Takeover (ATO) and promotion abuse are common fraud tactics affecting APAC fintechs.

APACS 119

APACS Data Breach FinTech Fraud Prevention 119

PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. These identities will be leveraged for a myriad of use cases, such as the purchase of age-restricted goods, and as customer verification measures for banks.

EMV 67

EMV Chip Cards Verification CHIPS 67

CB Insights

APRIL 26, 2022

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. The post Why payments leaders are prioritizing identity verification, KYC, & AML appeared first on CB Insights Research. Want the full expert post? Become a CB Insights customer.

AML 36

AML Verification Fraud Prevention Financial Crimes 36

Fintech Finance

MAY 29, 2024

myPOS clients with compatible phones – iPhone XS or later running the latest version of iOS – can accept contactless payments by downloading and opening the myPOS Glass app, and when a customer makes a purchase, the merchant simply presents their iPhone to the customer. We look forward to letting customers experience Tap to Pay on iPhone!”

Contactless Payments 98

Contactless Payments Debit Card On-Demand Credit Cards 98

PYMNTS

MARCH 17, 2020

In an interview with Karen Webster, Philipp Pointner, chief product officer at Jumio , said the coronavirus may hasten a shift from paper and plastic documents toward digital ID verification. Beyond the U.S.,

Authentication 86

Authentication Verification Interoperability Cross-Border 86

PYMNTS

SEPTEMBER 13, 2018

So, how are financial institutions (FIs) to reconcile the disconnect between the demand for fast, convenient identity verification and the need for strong digital security? To find out more about the state of the modern digital security landscape, click here to download the report.

Security 59

Security Identity Theft Authentication Breach 59

PYMNTS

NOVEMBER 30, 2018

The two companies recently collaborated to bring GIACT’s verification services to PNC clients. The collaboration will enable PNC users to access GIACT’s real-time fraud prevention capabilities, including transaction authentication and verification, to ensure that transferred funds reach their destinations. About The Report.

Authentication 74

Authentication Fraud Prevention Cybersecurity Data Breach 74

PYMNTS

MARCH 10, 2020

For more on these and other digital identity news items, download this month’s Tracker. Biometric verification has become commonplace for contactless payments, but is far from universal. The Chinese government said that it is using this technology to identify citizens who have violat ed quarantine.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

SEPTEMBER 6, 2019

The prev ailing trends indicate that digital IDs will be an improvement over older means of authentication and verification, regardless of the forms they take. For more on these and other digital identity headlines, download this month’s Tracker. Inside Australia’s Push For Safe And Trusted Digital IDs.

Authentication 71

Authentication Online and Mobile Banking Verification Government 71