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Authentication & Identification

TruNarrative Partners with Apriori to Protect One Billion Indian Citizens in their Fraud, Identity and AML platform

The exclusive partnership with Apriori in India fuses leading data coverage with TruNarrative’s global Fraud, Identity and AML software that delivers a true consortium to eliminate criminal activity and improved customer experience. TruNarrative, a global provider of fraud and compliance risk solutions, has partnered with Apriori, an international data provider to allow their customers to access India’s wealth of data, ... Read More »

GBGroup to Acquire Postcode Anywhere (Holdings) Ltd. (“PCA Predict”)

GBG (AIM:GBG), the Identity Data Intelligence specialist, is pleased to announce that it has conditionally agreed to acquire the entire issued share capital of PCA Predict, a provider of UK and International address validation and data quality services, for a total consideration of £73,852,423 (the “Acquisition”) which includes £10,387,000 of cash on the balance sheet of PCA Predict. The combination ... Read More »

Equifax Canada Reports: Millennials Top Target for Fraudsters

Education and better protection needed Equifax Canada (NYSE:EFX) – Millennials are the leading target for fraudsters according to new data from Equifax Canada, which flagged this age group for 49 per cent of all suspected fraud applications in its fraud management database last year. Millennials (aged 18-34) are followed by Generation X (aged 35-50) at 30 per cent and Baby Boomers (aged ... Read More »

Equifax UK launches facial recognition solution to improve speed and security of financial applications

Equifax UK has launched a bespoke Document Verifier solution to provide faster identity authentication for financial product applications using facial recognition. The solution can verify whether an applicant is genuine in a matter of seconds by comparing a live image of the applicant with a photograph of their passport or driving licence, both taken on a smartphone or webcam enabled ... Read More »

D&B Beneficial Ownership Offers Comprehensive Data and Analytics to Verify Global Entities and Mitigate Regulatory Risk

Dun & Bradstreet (NYSE: DNB) announced the launch of D&B Beneficial Ownership, a solution that delivers quick and reliable data for actionable management of regulatory compliance. D&B Beneficial Ownership provides companies a fast and comprehensive picture of corporate hierarchy with entity and individual level share ownership based on Dun & Bradstreet’s 265 million verified business records. D&B Beneficial Ownership capabilities can be easily ... Read More »

Veda Driving Innovation for Mortgage Brokers

Momentum is growing among mortgage brokers, lenders and industry aggregators for a streamlined industry standard to verify the identity of home loan customers. Veda, Australia and New Zealand’s leading provider of consumer and commercial data and insights and a wholly-owned subsidiary of Equifax, is leading the way for the mortgage industry to transition to a standardised and digitised process through ... Read More »

Thomson Reuters Introduces Profession Leading Digital Security Feature

Thomson Reuters announced the release of Thomson Reuters Authenticator, a multi-factor authentication app (Apple and Android compatible) that provides user verification using at least two forms of identity, giving firms and their clients even more protection against cyber threats. With this new tool (or app), Thomson Reuters provides embedded security controls that offer convenient and secure user authentication for firm ... Read More »

Equifax’s Income and Employment Verification Product to be Introduced Soon in India

US-based Equifax, a consumer credit reporting company, is planning to launch its income and employment verification product to India.   Talking to BusinessLine on the sidelines of the Nasscom India Leadership Forum, David Webb, Chief Information Officer, Equifax, said the company is keen to add to its portfolio of solutions that it offers to the Indian market. Equifax is offering credit ... Read More »

Australian Privacy Actions: ABR Gazette Change, February 2017

The ABR Gazette is a subscription-only commercial information service, collating public record information on companies and individuals such as insolvency, bankruptcy and court data relating to debt. The cover of the ABR Gazette includes the terms and conditions of use, restricting it to the assessment of credit risk Veda has agreed to amend the ABR Gazette in the next three ... Read More »

India Is Building the Infrastructure for a Truly Digital Economy and Financial Inclusion

India’s 1.1bn people now have an identity!  Financial inclusion: 270 million bank accounts opened within the last three years.  Unified Payment Inferface (UPI) allows digital payments based on the Aadhar number with biometric authentication.  Welcome to India Stack  India may have leapfrogged the US technology industry with simple and practical innovations and massive grunt work. It has built a digital infrastructure that ... Read More »

KSV1870 ComplianceCheck Prevents Money Laundering

In order to prevent money laundering and terrorist financing, the financial market money laundering legislation, which entered into force on 1 January 2017, obliges the economy to carefully examine its business partners. First and foremost, credit institutions, life insurers, securities companies and investment funds are affected. Numerous other companies or industries must, on the basis of due diligence, check if there ... Read More »

TransUnion Introduces IDVision to Help Businesses Prevent Sophisticated and Evolving Fraud and Identity Theft

TransUnion (NYSE: TRU) unveiled IDVision, a suite of solutions providing businesses with a holistic approach to fraud and identity management.  IDVision helps companies stop sophisticated and evolving fraud while also protecting and restoring their confidence in conducting business. In 2016 alone, more than $1.6 billion was lost by companies due to credit card application fraud.* While a significant amount, it ... Read More »

BIIA Welcomes TruNarrative as a Member

We founded TruNarrative in 2016 with a clear goal: to make safe commerce simpler. Safe commerce is simpler when IDV, Fraud and Compliance checks run in a single unified platform. Simpler for consumers, simpler for our customers. In safe commerce, you spot your good customers faster while weeding out villains more easily. You curb losses, write-offs, and fines for non-compliance. ... Read More »

TransUnion Partners With Carahsoft to Deliver Identity Authentication and Investigative Solutions to the Government

TransUnion (NYSE: TRU) announced with Carahsoft Technology Corp., the trusted government IT solutions provider, that Carahsoft will enable delivery of TransUnion’s investigative and risk management tool, TLOxp®, and its identity authentication and verification solutions to the public sector via Carahsoft’s GSA Schedule 70 and NASA Solutions for Enterprise-Wide Procurement (SEWP) contracts. TLOxp offers government agencies a 360-degree view of vendors, businesses ... Read More »

GBGroup Research: Nearly Half of HR Professionals Don’t Feel Up-To-Speed On Changing Legislation

Yet over 60% believe it’s their primary responsibility Brexit adding further complexity to the mix New research from identity data intelligence specialists GBG has revealed a startling amount of HR professionals (41%) are struggling to keep up with ever-changing legislation. The changes to UK law, such as those made to the Right To Work in the Immigration Act and Modern ... Read More »

BIIA Recommended Weekend Reading: FIBO with B2B Data Bring Aggregated Risk Analysis to Capital Markets

Mike Lubansky, Dun & Bradstreet’s Leader of Alliances Strategy, focusing on Capital Markets, Compliance, and Tax Solutions, gave an interview about FIBO, the increasingly important data standard being developed in the financial industry. Lubansky comments centered on questions such as: What are the pain-points financial companies are experiencing that FIBO helps solve? Many industries have the challenge of rationalizing disparate ... Read More »