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Authentication & Identification

Velotrade Chooses GBG to Speed Up Business Financing

GBG announced its identity verification and ongoing monitoring technology has been selected by invoice discounting service, Velotrade. The deal represents the first organisation headquartered in Hong Kong to choose GBG ID3global identity verification platform. It brings Velotrade’s web-based service to the forefront of invoice discounting with a simple and convenient verification process for both businesses and investors. Velotrade provides immediate cash flow by allowing businesses ... Read More »

GBG Once Again Tops the Rankings at the Megabuyte Quoted25 Awards

Chris Clark, CEO at GBG, said “With special thanks to our team members and all of our customers, I’m delighted to share the news we’ve won ‘Best Performing Company’ for Security & Infrastructure Software at this year’s Megabuyte Quoted25 awards. Unlike most awards, and what makes this one particularly notable, is that winners aren’t chosen from a list of nominees. Instead, ... Read More »

Equifax Selected by ENSEK to Provide ID and Credit Assessment Services

Equifax Limited, the consumer and business insights expert, and ENSEK, a leading UK energy solutions company, have formed a joint partnership to support identity verification and credit assessment services for new-to-market energy suppliers. The integration between Equifax and ENSEK will supply real-time consumer and commercial data to energy providers, enabling them to onboard new customers more efficiently as part of ... Read More »

EliVator – The first Electronic Identity Verification (eIDV) Service for MENA and Russia

EliVator provides access via API to instant and accurate identity verification data on individuals and companies in developing countries and parts of the globe where information has traditionally and previously been difficult to access. Cedar Rose has been compiling information on companies and individuals in the Middle East, North Africa and surrounding countries for over 20 years. We believe our ... Read More »

Forrester Report: A Secure Blockchain Will Transform Security and Risk Management

Secure Payments, Cryptocurrencies, Anti-Money Laundering, Identity Verification Demand New, Distributed, And Tamper-Evident Transaction Databases Forrester Research has recently issued their latest report on the above topics which should be of high interest to our members.  Compliance (KYC, Anti-Money Laundering), identity management (authentication and verification), will be key components in any blockchain transactions. Here are some of the Key Takeaways: Tougher ... Read More »

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 »