Finextra

OCTOBER 2, 2024

Backbase, the creator of the Engagement Banking Platform, announced today an integration with Middesk, a business identity platform designed to automate business verification and underwriting decisions to help banks and credit unions to mitigate risk and reduce fraud.

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Finextra

SEPTEMBER 18, 2024

Banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.

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Verification Security Process 69

Fintech News

APRIL 23, 2024

Trulioo, an identity verification platform, announced that it has achieved a 90% business verification rate across the APAC region a year after it had set up its Singapore office. Ivan Yang “Our customers rely on cutting-edge, customised capabilities to meet their full range of verification needs, no matter the region or business type.

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Fintech News

JUNE 13, 2024

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available in the Microsoft Azure Marketplace. Damien Dugauquier “We are committed to providing the most comprehensive and reliable payment verification solutions on the market.

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Verification Payee Account Validation Payments 106

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Singapore is one of the world’s leading hubs for fintech innovation.

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Verification Travel Rule Multi-Currency Compliance 116

Finextra

SEPTEMBER 17, 2024

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.

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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.

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Verification Scams Financial Crimes Crime 72

Fintech Finance

JUNE 7, 2024

Moneyhub , the market-leading data and payments platform, has today announced the introduction of its account verification service. Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics.

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Verification Accounts Payment APIs and Integration Online and Mobile Banking 52

Finextra

JULY 22, 2024

iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution.

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The Fintech Times

AUGUST 16, 2024

Gopher , the on-demand marketplace connecting users with qualified workers for various services , is enhancing its identity verification following a collaboration with iDenfy , the Lithuanian-based regtech. Our partnership once again shows the importance of robust identity verification, especially for mobile application platforms.”

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Verification Checks Service Provider Security 75

The Fintech Times

JUNE 8, 2024

Moneyhub , the UK-based data and payments platform, has launched its new account verification service, powered by open banking, to enable better payment security utilising bank-level security controls (including PSD2 SCA) and biometrics.

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Verification Accounts Payment APIs and Integration Online and Mobile Banking 59

Payments Dive

NOVEMBER 17, 2020

Mobile Payments Today interviewed André Ferraz, the CEO and co-founder of Incognia, a private identity company that provides fraud prevention by using frictionless identity location verification.

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Verification Fraud Prevention Mobile Payments Payments 179

The Fintech Times

JUNE 20, 2024

Retail trading platform Capital.com has selected identity verification platform Trulioo , to support its global expansion with streamlined customer onboarding. Combined with fuzzy matching to handle variations in form and spelling, it delivers enhanced verification accuracy and match rates.

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Verification APACS Risk Management Volume 59

Finovate

AUGUST 21, 2024

The integration will enable mortgage lenders to access Truv’s platform via LenderLogix’s point-of-sale system LiteSpeed to secure direct-to-source income and employment verification. At the conference, the company demonstrated its income and employment verification and direct deposit switch technology.

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Verification Point-of-Sale (POS) Process Direct Deposit 59

Fintech Finance

JULY 17, 2024

During this temporary presence of staff, the purchase of age-restricted goods such as alcoholic beverages – the range in the village store includes numerous products from local winegrowers – can also be carried out using automatic, AI-based age verification. This pleases customers and allows employees to concentrate on their core tasks.”

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Verification AI Transactions Authorization 96

Finextra

AUGUST 27, 2024

In a move to help reduce scam losses and make Australia a harder place for scammers to operate, Westpac is extending its payee verification solution to institutional and government clients.

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Payee Verification Governance Government 52

Paystand

AUGUST 8, 2024

Table of Contents What is a Payment Verification? What is the Reason for Payment Verification? Payment Verification Methods The Rise of Instant Payment Verification Blockchain-Enabled B2B Payments

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Verification Fraud Prevention Digital Payments Instant Payments 40

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 93

Finextra

JUNE 10, 2024

The UK Centre for Finance, Innovation and Technology (CFIT) has put together an industry coalition to fight economic crime through enhanced verification.

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Crime Verification Finance Innovation 69

Finextra

JUNE 7, 2024

Moneyhub, the market-leading data and payments platform, has today announced the introduction of its account verification service. Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics.

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Verification Accounts Payment Security Security 45

Finextra

JULY 8, 2024

At EBAday 2024, Hays Littlejohn, CEO, EBA Clearing and Erwin Kulk, Head of Service Development and Management, EBA Clearing, explain how network-based fraud pattern and anomaly detection can boost the customer experience and safety provided by verification of payee checks.

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Payee Verification Mitigation Checks 52

The Fintech Times

MAY 13, 2024

CEC (Centre For Exchange And Clearing), the central point for channelling retail payment transactions between banks in Belgium, has plumped for SurePay to deliver verification of payee (VoP) services. ” The post SurePay to Lead Verification of Payee Integration in Belgian Banks appeared first on The Fintech Times.

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Payee Verification Instant Payments Consulting 64

The Fintech Times

JULY 4, 2024

As IDnow celebrates its 10th anniversary, the Munich-based identity verification platform has reflected on a decade of innovation, growth and transformation in the know-your-customer (KYC) space. As an identity verification platform provider, we are here to solve that problem with whatever solution from our portfolio best fits their needs.”

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Verification On-Demand Automation Regulations 64

Fintech Finance

MAY 8, 2024

CEC has taken the responsibility to provide the Belgium VoP and has, on behalf of the Belgium Banks and in consultation with Febelfin, awarded SurePay to deliver Verification of Payee (VoP) services. What is Verification of Payee? SurePay, has been a pioneer in Verification of Payee since 2016, conducting over 1.5

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Payee Verification Scams SWIFT 59

Finextra

SEPTEMBER 24, 2024

CBI, a fintech serving as an industry utility with over 30 years of experience, that develops digital infrastructures and services for financial institutions (FIs) and payment service providers (PSPs) to enhance their transaction banking, open banking, and open finance offerings, has announced a strategic partnership with Banfico Ltd, a fintech company (..)

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Verification Payee Finance Service Provider 52

Finextra

APRIL 9, 2024

EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.

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The Fintech Times

AUGUST 15, 2024

Now, Mastercard is expanding its Verification of Income and Employment solution to include credentialed payroll, powered by Argyle, enabling financial institutions to digitally verify an applicant’s income and employment. This means it can offer more opportunities to individuals with thin, subprime or no credit files.

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Verification Visa Direct Deposit Economy 59

The Fintech Times

AUGUST 15, 2024

Adatree , an Australian open data solution provider, has unveiled a new ‘Insights’ product suite, including Account Verification and Balance Checks, in a move to empower companies in the fight against financial fraud and scams. Insights is compliant with stringent CDR regulations, safeguarding data security and privacy.

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Verification Checks Accounts Scams 59

Finextra

MAY 17, 2024

based account-to-account (A2A) payment solution provider, Dwolla and Visa today announced its strategic collaboration, to bring advanced account verification capabilities to Dwolla’s A2A solution. Leading U.S.-based

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Verification Accounts Payment Solutions Payments 52

Finovate

JANUARY 31, 2024

Digital banking technology company Plumery forged a technology partnership with identity verification platform Sumsub. Via the partnership, Plumery has integrated Sumsub’s verification technology into its banking engagement platform. Headquartered in London, Sumsub made its Finovate debut at FinovateEurope 2020 in Berlin.

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Verification AML Money Laundering API 59

Finextra

JULY 16, 2024

Albert Sitelis, Head of Partnerships & Market Development at Banfico, discusses the hurdles of meeting the IP regulation compliance deadline for payee verification at EBAday 2024. With over 5000 PSPs in Europe, connectivity remains a major challenge, despite existing name check systems in several countries.

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Payee Verification Compliance Checks 52

Finextra

JUNE 10, 2024

Revolut has added an extra layer of in-app identity verification designed to protect customers who have had their unlocked phone stolen, or password and face recognition compromised.

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Verification Compromise 72

The Fintech Times

APRIL 21, 2024

Nium has integrated the Trulioo Person Match identity verification capability to deliver rapid, compliant payment experiences for its UK operations. Trulioo Person Match provides us with comprehensive data sets, which are crucial for identity verification.” seconds, beating its eight-second goal.

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Cross-Border Payments Cross-Border Verification Payment APIs and Integration 72

Finextra

MAY 30, 2024

Leading provider of AI-driven risk management solutions, Oscilar and Socure, the leading provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will set a new standard in digital identity verification, fraud prevention and risk management for financial institutions. (..)

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Risk Management Verification Risk Fraud Prevention 52

The Paypers

SEPTEMBER 12, 2024

Sumsub , a verification provider, has announced that it received complete regulatory compliance for its Non-Doc solution after an audit by FINTRAIL.

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Verification Regulatory Compliance Audit Compliance 36

The Paypers

AUGUST 1, 2024

Identity verification provider ADVANCE.AI has announced the launch of a Know Your Business (KYB) business intelligence service to further optimise its capabilities in Singapore and Malaysia.

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Fintech Finance

MAY 2, 2024

Failed payments cost the global economy over $100B each year, a problem Verify solves by completing bank account verification within 15 seconds. Verify gives businesses an edge, with instant verification that enables faster, more accurate transfers and guarantees payments arrive at the intended account, safely.”

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Verification Payment APIs and Integration Accounts Same Day ACH 52