Speaking in London recently, Information Commissioner Elizabeth Denham said that she is in discussions with the government to secure a stronger audit power in the UK Data Protection Bill than currently planned. Speaking about the Facebook / Cambridge Analytica investigation, Denham said: “Under the GDPR I will have the power to audit all those who hold, use and share personal ... Read More »
A Chinese government-led research body has rolled out a blockchain-as-a-service (BaaS) platform for identity and supply-chain tracking. Dubbed the Blockchain Registry Open Platform (BROP), the system, developed by China Banknote Blockchain Technology Research Institute, was officially launched at a financial technology summit in Hangzhou on Monday, according to Securities Times. While China’s internet giants Tencent, Baidu and JD.com have already launched their ... Read More »
In this White Paper one can learn about: The interdependence between data governance and data quality Key business drivers for a governance program Tips for implementing your data governance framework While many IT departments have recognized early on that data needs to be governed and have commenced Data Governance initiatives, their business users need to be on board and willing ... Read More »
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 »
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 »
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 »
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 »
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 »
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 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 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 »
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 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 »
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 »
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 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 »
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