Financial Services, Payments, and More: This Week’s Top Stories – Mobile ID World

Financial providers and funds are the important thing themes on this week’s roundup of Mobile ID World’s prime tales. But there’s additionally a little bit of digital ID and SSO safety information, too.

Let’s begin with one of many largest tales of the week – Mastercard’s acquisition of Ekata. The latter makes a speciality of utilizing machine studying and analytics to allow buyer verification and combat fraud; as such, it ought to match proper in with a long-term Mastercard effort to enhance belief in e-commerce. Mastercard paid $850 million for the acquisition, which was introduced on the heels of Ekata’s launch of its Merchant Onboarding answer:

Mastercard to Acquire Ekata in $850M Deal

This week additionally introduced information regarding wearable funds know-how. Fidesmo, a Swedish firm that focuses on this sort of tech, introduced that it had entered right into a partnership with Länsförsäkringar Bank that can allow the latter’s prospects to make contactless funds utilizing units like good bracelets, key rings, and different wearables:

Swedish Bank Partners With Fidesmo On Wearable Payments

Meanwhile, Sacramento-based One just lately discovered a buyer onboarding answer for its digital banking platform. The agency goes with Onfido’s selfie onboarding system, which makes use of facial recognition to match finish person’s to their official identification paperwork. It will assist to automate One’s KYC course of and can supply appreciable comfort for finish customers:

One Turns to Onfido for Secure Digital Onboarding

Pivoting away from banking and funds, this week additionally introduced some digital ID information from the United Arab Emirates. The Smart Dubai City Office has approved Lleida.internet as its UAE Pass Service Provider. That means UAE residents will be capable to use Leida.internet’s providers to carry out e-signature and e-contracting actions by way of their UAE Pass nationwide IDs:

Lleida.net Becomes First Private UAE Pass Provider

And lastly, Okta acquired some consideration this week because of its improve of its Okta End User Dashboard, a Single Sign-On answer that permits finish customers to entry apps with out the necessity to keep in mind passwords for each. The Dashboard is now 50 p.c quicker, and options an improved User Interface:

Okta Releases Improved End User Dashboard

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Stay posted to Mobile ID World subsequent week as we proceed to convey you the newest information and interviews from the thrilling world of digital identification. To see the most well liked tales of the week in biometrics, go to our sibling website FindBiometrics.

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