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Authentication & Identification

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 »

UK Home Office Releases Response on AML and Counter-Terrorist Finance Consultation

In April 2016, the UK Government published an Action Plan for anti-money laundering and counter-terrorist finance, setting out steps to address weaknesses identified in the October 2015 National Risk Assessment of Money Laundering and Terrorist Financing. The Home Office subsequently consulted professionals from across government bodies, law enforcement, and professional and financial services. In light of feedback and concerns around ... Read More »

Biometric Authentication: Ant Financial Acquires “EyeVerify”

Alibaba Affiliate Ant Financial Acquires EyeVerify to Boost Trust, Security, and Convenience of Mobile Financial Transaction.  Together the companies will leverage Eyeprint IDTM technology to accelerate the adoption of secure mobile payments worldwide. Ant Financial Services Group, the world’s leading online and mobile financial services provider and operator of Alipay, announced the acquisition of EyeVerify, Inc., the creator of Eyeprint IDTM, a ... Read More »

Thomson Reuters Launches TRAC to Combat Trade Based Money Laundering

First of its kind end-to-end solution offering holistic risk management of trade finance as trade based money laundering becomes a growing global problem Thomson Reuters announced the launch of TRAC, its new anti-money laundering solution to combat trade based money laundering (TBML) and drive transparency and efficiency across trade finance. TRAC is now available in Singapore and Hong Kong: release ... Read More »

GBGroup Appoints Chris Clark as New CEO

GBG is pleased to announce the appointment of Chris Clark as its new CEO, replacing Richard Law who is retiring from the Board after 14 years as CEO. It is anticipated that Chris will join GBG on 1 April 2017, providing sufficient time to complete an orderly handover. Chris Clark is a highly experienced, successful and well-regarded business leader who, ... Read More »

Dun & Bradstreet Tests Blockchain for Trade Finance

Using a blockchain ledger to vet trading partners and others in the ‘financial supply chain’ would make transactions more secure and faster, Dun & Bradstreet said in an interview with the Wall Street Journal. Dun & Bradstreet Corp. is testing a Blockchain Distributed Ledger for offering its proprietary corporate data to business customers. The data and analytics company plans to ... Read More »

GBGroup Shortlisted for a Range of Prestigious Awards

GBG, the global specialist in identity data intelligence is pleased to announce it has been shortlisted for a range of prestigious awards across multiple industries, including four nominations for its market-leading tracing and investigation tool GBG Connexus. GBG’s CEO Richard Law has himself received two nominations, for ‘Entrepreneur of the Year’ at the AIM awards on the 13th October, and ‘Tech CEO of the Year’ ... Read More »

Thomson Reuters: Here’s A First Look at Thomson’s New Ethereum Identity Tools

Thomson Reuters has revealed it will soon launch an identity verification platform for ethereum smart contract developers. Conceived as part of the mass media company’s recent ethereum “hackethons“, the tools will be available in beta via the BlockOne ID website starting next week. The goal, as explained by Thomson Reuters, is to allow developers to limit the use of decentralized applications (“dapps”) to users who accept the terms ... Read More »

GBGroup in Partnership with Tabcorp

Tabcorp, a leading Australian gambling entertainment company, has partnered with GBG to implement behavioural analytics and transaction monitoring software, GBG Predator. The new software will help Tabcorp to identify fraud and compliance risks in real-time and to better understand customer behaviour across Tabcorp, Luxbet, and the newly launched Sun Bets in the UK. GBG Predator provides Tabcorp with a 360 ... Read More »