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Authentication & Identification

RELX Group Announces Definitive Agreement to Acquire ThreatMetrix

RELX Group announced today that it has entered into a definitive agreement to acquire the entire issued share capital of ThreatMetrix, for a consideration of £580m payable in cash. ThreatMetrix is a leader in the global risk-based authentication sector, headquartered in San Jose, California and founded in 2005. ThreatMetrix’s technology analyses connections among devices, locations, anonymised identity information and threat ... Read More »

India Investigates Possible Breach of ID Database (Aadhaar)

The government of India has started looking into a report that a database with information on its more than 1 billion citizens is being sold online. Citing The Tribune newspaper, Reuters reported that information on Indian citizens was being hawked on social media for $8. The paper said it purchased login credentials to the Aadhaar database, enabling it to access ... Read More »

Blockchain-based Solution to Assist in KYC Dilligence: Bankchain

Indian banks ready to launch first blockchain-based solution to map corporate borrowers  A blockchain-based solution designed to help Indian banks and non-banking financial companies do their know your customer diligence of corporate borrowers, evaluate corporate lending risk, and manage vendors is ready to be deployed by the year-end. The solution has been developed by Bankchain, a 30-member consortium led by the ... Read More »

The Future of Lending

BIIA member Creditinfo has published a very interesting report on the future of the lending industry: 2020 Global Lending Industry Trends. The report covers three major developments in the lending industry: Added value lending Full picture scoring Hyper-segmentation Full picture scoring is about the other types of data e.g. account balance, spending habits or even education and job position that ... Read More »

LexisNexis Risk Solutions Partners with Insurance Technologies

Insurance Technologies Announces Integration with LexisNexis Risk Solutions to Offer Life Insurers Additional Identity Authentication Capabilities within FireLight® Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced the integration between FireLight®, and LexisNexis® InstantID® and LexisNexis® InstantID Q&A. The integration with industry leading LexisNexis Risk Solutions identity management products offers ... Read More »

KYC & AML Compliance Gets a Boost by Covering 2 Billion Relationships

Thomson Reuters has launched an industry-first graph of the relationships between people, organisations and metadata that allows financial services clients to understand over 2 billion connections within the financial ecosystem. Using big data management techniques and machine learning, Knowledge Graph can be embedded into information systems to support search and discovery of links between individuals, entities and taxonomies. “The largest ... Read More »

Callcredit Helps ShieldPay’s Customers Transact with Confidence

Callcredit Information Group is helping payments service firm ShieldPay provide secure online payments to its customers. ShieldPay´s unique and patent pending technology protects both buyer and seller in any payment by verifying both individuals. Using Callcredit’s ID and bank verification solutions ShieldPay can verify both party’s identity and bank account reducing the chances of peer-to-peer payment fraud. Callcredit’s solutions also ... Read More »

Rank Turns to GBG to Look Beyond KYC for its Growing Customer Base

Rank Group, one of the UK’s top gaming operators, has chosen GBG, the global specialist in identity data intelligence, to help manage the identity of its customers. GBG’s ID3global solution, with its ability to verify over 4.4 billion people globally through a single API, will enable Rank Group to process accurate and up-to-date customer data, whilst fully ensuring compliance regulations are ... Read More »

Did you Know?  Over 50% of Know Your Customer Cross Checks are Manual

In a survey by encompass corporation of Anti-Money Laundering (AML) professionals from the legal and financial sectors including some of the most respected international and domestic providers, over half of respondents said they cross reference Know Your Customer (KYC) data sources manually when carrying out checks.  In addition, 90% of respondents said they use five or fewer third-party data sources ... Read More »

Experian Named Best Overall Identity Proving Platform for CrossCore™

Experian Named the 2017 Javelin Strategy & Research Best Overall Identity Proving Platform for CrossCore™  –  The platform was recognized as the leader for its flexibility and comprehensive identity verification and authentication capabilities Experian was named the best overall identity proofing platform by Javelin Strategy & Research for its technology-sharing platform, CrossCore™. Javelin’s inaugural edition of the 2017 Identity Proofing Platform Scorecard gives ... Read More »

Compliance: Effectiveness of Managing Third-party Risks Worsening

Opus & Ponemon Institute Announce Results of 2017 Third Party Data Risk Study: 56% of Companies Experienced Data Breach, Yet Only 17% are Prepared to Mitigate Risk Effectiveness of managing third-party risks worsening – companies cite inability to track, evaluate third party security and privacy Opus, the leading provider of global compliance and risk management solutions, today announced the results ... Read More »

GBG Expands Executive Team to Enhance Focus on Customer and Innovation

Understanding the customer takes centre stage at award winning tech firm GBG, the global specialist in Identity Data Intelligence, has announced two new members to its Executive leadership team. The appointments bolster the Group’s focus on customers and innovation. Mick Hegarty joins as Managing Director, Customer Insight & Innovationto ensure that the Group’s strategy, plans and portfolio are based on innovating for customers. ... Read More »

SAP to Acquire Gigya, Market Leader in Customer Identity and Access Management

SAP SE (NYSE: SAP) announced it has entered into an agreement to acquire Gigya, a market leader for customer identity and access management. Major independent analyst firms, most recently Forrester Research,* have positioned Gigya as a top vendor in this field. Gigya’s customer identity and access management platform helps companies build digital relationships with their customers. Its platform allows companies to manage customers’ profile, preference, opt-in ... Read More »

CRIF Acquires PT Visi Globalindo Data Utama in Indonesia

CRIF, a global company specializing in credit bureau, business information and credit solutions, has announced today the acquisition of PT Visi Globalindo Data Utama (PT Visi), a major business information provider based in Jakarta. Operating since 2009, PT Visi provides consultancy and business information services to international and domestic credit companies, banking organizations, multinational and trade insurance companies. Its business ... Read More »

Creditinfo Announces newly Integrated Identity Management System Technology at Creditinfo Global Forum

ShoCard, a leading blockchain-based identity management system (IMS), together with Creditinfo, a leading service provider for credit information and risk management solutions worldwide, today announce the ShoCard IMS’s integration into the new Creditinfo app. The app enables individuals to claim their identity and obtain personal credit information that can be shared with any third party, as well as be independently verified ... Read More »

Identity in India: Are We Entering an Era of Public Databases of Personal Data

One of the changes that we expect to see in the coming years, is the creation of more public repositories of personal data.   By personal, I mean data like Name, Date of Birth, Address, Bank Account Number, Aadhaar Number, Health records, Education records, Employment information, DNA data, credit history, biometrics, iris scans, among other things: i.e. data pertaining to the ... Read More »