Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. In response, less intrusive alternatives like blockchain-based age verification are emerging. This ensures the integrity and reliability of age verification records.

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Verification Blockchain Privacy Encryption 105

Fintech Finance

APRIL 13, 2025

Paysera , a financial technology company with 20 years of market experience, has announced a strategic partnership with iPiD, a global provider of payee verification solutions. The goal of this requirement is to increase payment security and reduce the risk of fraud and errors throughout the SEPA area.

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Verification Compliance Payee IBAN 81

The Fintech Times

MARCH 25, 2025

Recognising evolving challenges related to fraud, Intergiro , a white-label fintech platform, and Movitz , the payment fintech, have joined forces to combat financial fraud by building advanced payment verification solutions which financial institutions can leverage to enhance the security of their customers as they make payments online.

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Verification Cross-Border Fraud Prevention Payments 59

Finextra

MAY 2, 2025

Verification of Payee (VOP) is around the corner. Are organisations ready?

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Payee Verification 59

Segpay

OCTOBER 17, 2024

Age verification systems are essential tools for ensuring compliance with regulations designed to prevent minors from accessing inappropriate content or services. What is Age Verification? Verification can be completed using government-issued ID scans, credit card authorizations, or other forms of identity verification.

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Verification Privacy Laws Compliance 111

Finovate

FEBRUARY 5, 2025

Payment technology provider for financial institutions, Numeral, unveiled its fully managed Verification of Payee (VOP) solution this week. Numeral , a payment technology provider for financial institutions, launched its fully managed Verification of Payee (VOP) solution this week.

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Payee Verification API Payer 59

Fintech News

OCTOBER 28, 2024

Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. billion in 2020—often due to outdated, error-prone verification methods—Nium Verify offers a solution through direct integration with clearing systems and major banks within each country.

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Cross-Border Payment APIs and Integration Cross-Border Payments Verification 106

Fintech News

MARCH 24, 2025

The report, based on Sumsubs internal identity verification and user activity data from 2023 and 2024, along with a survey of over 300 companies across the crypto, banking, payments, and e-commerce sectors, reveals that APAC was the only region to record a decline in crypto fraud in 2024, with fraud rates dropping from 2.6%

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APACS Verification Fraud Detection Money Laundering 90

Finextra

MARCH 18, 2025

In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EUs Instant Payments Regulation across credit transfers in Euro.

Payee 59

Payee Verification Instant Payments Regulations 59

Finovate

JANUARY 22, 2025

Customer verification specialist Sikoia announced a strategic partnership with Tandem Bank. The partnership will enable the digital bank to automate key parts of its income verification and document handling processes for mortgage brokers. Founded in 2021, Sikoia made its Finovate debut last year at FinovateEurope 2024.

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Verification Audit Automation Fraud Prevention 52

Fintech News

AUGUST 28, 2024

Jumio, a global provider of AI-driven identity verification and compliance solutions, is now available on the AWS Marketplace. The company aims to support a range of use cases, from customer onboarding and compliance to age verification and responsible gaming. said Robert Prigge, CEO of Jumio.

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Verification Financial Crimes Crime Compliance 112

Fintech News

OCTOBER 1, 2024

HSBC Singapore has reportedly become the first bank in the country to introduce Singpass Face Verification (SFV) for in-app provisioning on its mobile app. Singpass Face Verification, developed by Singapore’s Government Technology Agency (GovTech), is currently used by over 4.5

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Verification Security Scams Authentication 112

Finextra

MAY 14, 2025

New generative AI models now pop up almost every week, and even unsophisticated fraudsters use them to generate convincing ID verification sessions at scale.

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Verification AI 52

Fintech News

NOVEMBER 6, 2024

This is in line with Confirm’s goal to provide global account verification services through a single, secure network.” By leveraging our account verification capabilities, we are reducing friction in global payments, creating a more efficient, secure, and compliant payments ecosystem.”

Cross-Border Payments 118

Cross-Border Payments Cross-Border Account Validation Credit Union 118

Fintech Finance

OCTOBER 14, 2024

Mastercard today takes another step forward in its mission to enhance trust in the digital economy, with the pilot launch of its Identity Attribute Verification service in several European markets. This initiative enables businesses to verify customer identity attributes securely and seamlessly.

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Verification Visa Privacy Issuers 105

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. While banks will continue to do their part to fight scams, customers need to be vigilant themselves and practice good cyber hygiene.”

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Verification Scams Financial Crimes Phishing 112

Fintech Finance

JANUARY 21, 2025

The EDS will be accessible to scheme participants adhering to the VOP scheme and to the Routing and Verification Mechanisms (RVMs) operating on their behalf. The EDS wont store any personal data or IBAN, as it will only be used for routing purposes between business entities (PSPs and RVMs).

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SWIFT Payee IBAN RFP 98

Finextra

JANUARY 7, 2025

Tietoevry Banking has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) as new instant payment regulations come into force across the Eurozone.

Payee 105

Payee Verification Instant Payments Regulations 105

Fintech News

APRIL 25, 2025

Data from identity verification specialist Sumsub reveal that identity fraud incidents have more than doubled in the past three years, with account takeovers and deepfakes emerging as major concerns. of all verifications analyzed worldwide by Sumsub, marking a staggering 136.4% Financial services have become a prime target.

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Deepfake APACS Account Takeovers Verification 94

NFCW

JANUARY 31, 2025

BIOMETRICS: Life Card is to start issuing payment cards with fingerprint verification Japanese credit card issuer Life Card is to begin issuing cards containing a built-in fingerprint verification sensor this year, in a move that marks the first commercial launch of biometric payment cards in Japan.

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Card Issuer Verification Issuers Credit Cards 100

The Paypers

MAY 8, 2025

European e-money institution iCard has optimised its customer check experience with Regula ’s biometric and document verification technologies.

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Verification Security Checks Technology 41

Fintech Finance

DECEMBER 11, 2024

With a proven track record in transforming financial data collection across different sectors, Armalytix has developed a sophisticated platform that streamlines Source of Funds (SoF) verification, addressing long-standing challenges in legal financial processing.

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Laws Transactions FinTech Legal 98

Fintech News

DECEMBER 10, 2024

Its advanced accuracy delivers improved and more comprehensive identity verification for clients.

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Risk AI Acquirers Deepfake 119

Fintech Finance

AUGUST 22, 2024

The post NBK Unveils Payment Verification Service on Its Mobile Banking App appeared first on FF News | Fintech Finance. 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.

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

Fintech Finance

JANUARY 7, 2025

Tietoevry Banking , the leading provider of financial software solutions, is today announcing that it has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions.

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Verification Payee Payer Security 98

Payments Dive

MAY 3, 2024

Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

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Verification 158

Finovate

MARCH 19, 2025

Core banking provider Tuum and verification platform Sumsub announced a partnership this week. ” Through the partnership, banks and fintechs working with Tuum will benefit from automated identity verification and AI-powered fraud detection and transaction monitoring.

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Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

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IBAN Interoperability Payee Verification 105

Fintech News

MARCH 11, 2025

One of the largest scams uncovered by Visa involved fraudulent identity verification schemes. Scammers sent phishing links disguised as legitimate verification sites via dating platforms, enrolling victims in recurring billing cycles.

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Scams Blocks Law Enforcement Laws 107

Fintech News

NOVEMBER 18, 2024

OKX has also introduced Singpass verification to further enhance the user experience. Customers can now deposit SGD into their OKX accounts using PayNow and withdraw funds via FAST, provided their bank is one of the 27 institutions participating in the service.

Cross-Border 116

Cross-Border Verification Payments Institute Participant 116

Finovate

APRIL 9, 2025

“Security Bank is transforming digital banking in the Philippines, and we’re proud to support their vision with advanced identity verification that makes onboarding both more secure and convenient,” said Entrust Regional VP of Sales, APAC, Harvinder Singh. Entrust came out of the gates strongly in 2025.

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Security Verification Deepfake Fraud Detection 87

Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. As blockchain technology advances, so do the threats it faces, making comprehensive and adaptive tools essential. said James Smith, Co-founder of Elliptic.

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Crime Financial Crimes Travel Rule Blockchain 112

NFCW

JANUARY 20, 2025

.” The news follows the announcement last month that the UK government is to bring in new legislation this year that will grant legal status to digital IDs, paving the way “for certified digital identities to be added to the list of accepted age verification methods, alongside traditional forms like passports and driving licences.”

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Governance Government Verification Legal 108

Fintech Finance

APRIL 29, 2025

Damien Dugauquier , CEO and Co-Founder of iPiD, added: “This partnership is a bold step forward for Qatar’s payments ecosystem, Alfardan Exchange’s leadership in embracing real-time payee verification reflects a shared commitment to building trust, ensuring compliance, and protecting clients across borders.

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Payee Verification Payment APIs and Integration Cross-Border 78

Fintech Finance

FEBRUARY 6, 2025

ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico , a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions. Additionally, Banfico is a Pay.UK-certified

Payment Service Provider (PSP) 59

Payment Service Provider (PSP) Instant Payments Verification FinTech 59

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Identity fraud rates reached 2.1

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

Fintech News

MARCH 25, 2025

The funds cannot be moved unless digitally unlocked through a two-step verification process, which involves tapping a physical Trust card on an NFC-enabled phone and entering a six-digit Trust Key. Locking your money Trust Lock allows customers to secure funds in a designated Savings Pot within the bank app.

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Scams Security Phishing Funds Transfer 108