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Authentication & Identification

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 »

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 »