The high cost of cheap biometrics Banks and financial institutions are spoilt for choice when it comes to selecting a vendor in the remote identity verification industry. Once dominated by a handful of established firms, the sector has rapidly grown as a direct result of the pandemic increasing demand for a range of digital services.
At the Future Identity and Fintech Talents Festival 2021, we were delighted to be joined by John Wunderlich, who travelled all the way from Canada to give a in-depth presentation on the development of the Mobile Driving Licence in North America. A privacy and identity expert, John is also chair of the Mobile Driving Licences
Tuesday 01 March 2022 by FTT Team
At the Future Identity and Fintech Talents festival 2021 we caught up with Nick Mothershaw, Chief Identity strategist at the Open Identity Exchange. Open Identity Exchange is a non-profit members organisation, with a vision for individuals to have trusted and reusable digital identities, to prove who they are and what they are entitled to do.
Tuesday 07 December 2021 by FTT Team
How do businesses ensure that good customers have the most frictionless online authentication journey possible? How do businesses also ensure they are combatting fraud as much as possible? These are the questions Louise Maynard Atem, Research Lead at Women in Identity, sets out when introducing the panel discussion on ‘Better, Faster, Stronger Authentication’ at the
Tuesday 02 November 2021 by Laura Camplisson
The Future Identity festival will take to the stage at The Brewery, London, on November 15th & 16th. In preparation for the event we caught up with Matt Wilson, Senior Enterprise Account Executive at festival sponsor, Ekata. Matt explored some of the reasons why we are seeing an increase in synthetic identity and account takeover fraud.
Tuesday 02 November 2021 by Our Community
In the spirit of Halloween, here’s the spooky tale of the deepfakes capable of raising the dead… OK, maybe not literally. But, using deepfake technology, a company called MyHeritage allows visitors to upload a photograph of deceased family members, which can then be animated into video. The company says that it’s intended “for nostalgic use…to bring
Tuesday 26 October 2021 by Our Community
Fighting money laundering with face biometric verification The Financial Conduct Authority (FCA) wrote an open letter in May 2021, to retail banking chief executives in the UK. It raised concerns surrounding weak financial crime controls and anti-money laundering (AML) compliance in the sector. UK retail banks were mandated to analyze, identify, and resolve issues around “common control
Rod Boothby, Santander’s Global Head of Identity and co-chair of the Open Digital Trust Initiative at the Institute of International Finance (IIF), explores what the number of people taking to search engines to ask how to “Login”, reveals about the challenge of online identity. Identity is the largest unsolved problem on the Internet. How do
A wide variety of methods are available to authenticate users remotely, ranging from passwords and one-time passcodes (OTPs), to fingerprint scanning and face authentication. Each relies on a different factor to establish trust: Something you know (like passwords) Something you have (using your phone for OTPs) Something you are (biometrics, such as your face). In recent