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News
For EU consumers, trust in EUDI Wallet will need to be earned over time: IDnow
2+ day, 12+ hour ago (390+ words) The deadline for EU member states to offer a digital wallet under the EU Digital Identity Wallet (EUDI Wallet) scheme is fast approaching. Efforts continue to publicize the rollout and promote the benefits of digital ID. But, according to new research…...
Financial institutions turn identity signals into continuous trust
2+ week, 3+ day ago (648+ words) Financial institutions are increasingly treating onboarding, authentication, fraud detection and payments as parts of a single identity lifecycle. Rather than making decisions based only on a login or transaction, they are using behavioral, device and digital identity signals collected throughout…...
Signicat certified for IDV, digital identity orchestration in UK by Kantara
1+ mon, 1+ day ago (354+ words) Signicat’s technology for biometric identity verification and ID document validation with NFC scans, ReadID, has been certified for the UK’s digital ID system, along with the company’s orchestration capability. ReadID is now listed in the Digital Verification Services (DVS) register…...
SQR folds under funding pressure amid UK???s uncertain digital ID landscape
1+ mon, 2+ day ago (508+ words) Isle of Man-based digital identity service provider SQR is winding down operations. The decision following a failure to secure funding necessary to continue operations reduces the number of UK-certified Digital Verification Service (DVS) providers by one. SQR Group was originally…...
Itsme says shared identity infrastructure can reduce cost, fraud and friction
1+ mon, 5+ day ago (601+ words) The local can be universal and vice versa. In recent conference presentations from Itsme, the Belgian digital identity platform shared learnings as it expands into the Netherlands in preparation for the EUDI Wallet era. Itsme has cautioned Dutch organizations that…...
Beyond the password: Why behavioral biometrics is becoming banking’s last line of defense
1+ mon, 1+ week ago (899+ words) By Divija Vijaya Ganiga, IEEE Senior Member A fraudster does not need to break down the door if they already have a working copy of the key. That is the uncomfortable reality behind account takeover fraud, commonly known as ATO....
If AI changes identity fraud every month, how does the industry know what actually works?
1+ mon, 2+ week ago (536+ words) In January, an identity verification solution successfully completed an independent evaluation against the industry’s latest standards. The vendor announces the achievement, customers gain confidence and procurement teams add another checkmark to their selection process. In February, someone discovered a new…...
US standardizes digital mortgages while UK waits on digital ID strategy
1+ mon, 2+ week ago (370+ words) The revisions, the piece says, are indicative of a shift across the sector. “Just a few years ago, many lenders were still evaluating whether eNotes were ready for mainstream adoption. Today, the conversation has largely moved to standardizing implementation as…...
Conformance framework for EU Digital Identity Wallets arrives with ARF v3.0
1+ mon, 2+ week ago (468+ words) The technical blueprint for the EU Digital Identity (EUDI) Wallet has reached maturity with the release of version 3, marking a shift of the overall project toward conformance and rollouts. The EUDI Wallet Architecture and Reference Framework (ARF) v3.0.0 introduces a new…...
Modern identity verification market navigates shift to continuous trust
1+ mon, 2+ week ago (200+ words) As such, the next layer of competitive differentiation will involve packaging. How will all the pieces work together? How does technological complexity translate to a clean and intuitive user experience? To what extent is “identity verification” being subsumed into a…...