The Fintech Times

JULY 3, 2025

Napier AI, a UK-based regtech focused on AI-powered financial crime compliance, has appointed Kenneth Paqvalén as chief financial officer. Identity verification platform IDnow has partnered with biometric authentication provider Keyless to enable ongoing user authentication beyond onboarding.

FinTech

Fintech Finance

AUGUST 5, 2024

David is a technology visionary in the fields of identity, data, and combating financial crime and fraud, with a diverse background that includes experience in startups, scale-ups, consulting, and corporations. He will assume his position on August 19, 2024.

Technology

FICO

JANUARY 27, 2020

I am going to keep looking forward – especially when it comes to 2020 predictions for fraud and financial crime. A better question may be: why have fraud and financial crimes used siloed technology for so long? There is an estimaged 85% overlap in the technology used by fraud and financial crime compliance teams.

Financial Crimes

The Fintech Times

MAY 16, 2024

This means that synthetic identity fraud is now the fastest-growing category of financial crime in the US – and costing banks as much as $6billion. Firms continuing to use dated means of verification and user authentication could pay if they do not make changes.

Deepfake

FICO

DECEMBER 5, 2022

When opening a new financial account, consumers are not as concerned about receiving “good customer service” (35%) as they are about experiencing “ease of use” (61%) and “good fraud protection” (74%). Some FIs have simplified sign-in procedures with biometrics or in-app navigation and have led with multi-factor, multi-channel authentication.

Online and Mobile Banking

Fintech News

JANUARY 27, 2025

The NDI features a set of tools designed to facilitate seamless customer onboarding, user authentication and digital authorization, supporting Singapores aspiration to develop a robust digital economy.

Money Laundering

The Payments Association

FEBRUARY 17, 2025

Instead of directly targeting secure systems, fraudsters increasingly use sophisticated techniques like AiTM attacks to manipulate legitimate users into unwittingly facilitating malicious activities. Attackers can intercept data if a user authenticates into an application using an unsecured protocol like HTTP.

Phishing