Meta to pay $1.4 billion to settle facial recognition data lawsuit
The settlement is said to be the largest accord of its kind by any single state.
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Category: Identity
The U.S. Payments Forum publishes whitepaper: “The Role of Mobile IDs in Payments”
The new whitepaper looks at the state of mobile IDs and how they can be used in today’s payments ecosystem.
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Banks in Singapore to phase out OTPs in favour of digital tokens
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have said the country’s major retail banks will soon phase out the use of One-Time Passwords (OTPs).
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European Banking Authority expands ‘travel rule’ to tackle money laundering
The European Banking Authority (EBA) has expanded the so-called ‘travel rule’ to help tackle money laundering and terrorist financing.
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Weekly news roundup Middle East & Europe – June 7th
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the...
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5 costly mistakes to avoid when onboarding independent talent
Azeem Zainulbhai, Co-founder and Chief Product Officer at Outsized outlines five common onboarding missteps for businesses to avoid.
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Report: Online gaming emerges as hotspot for identity fraud
A new report has shown that while fraud attempts are still highest in the Payments sector, Gaming has become a new hotspot for potential fraudsters.
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Weekly news roundup Middle East & Europe – May 31st
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the...
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Mangopay launches new AI-driven Fraud Prevention tool
Mangopay’s new tool has been introduced to guard against an evolving range of threats.
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Mastercard and African Development Bank Group reveal digital access plan
Mastercard and the African Development Bank Group have partnered to extend digital access to critical services in Africa over the next 10 years.
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Weekly news roundup Middle East & Europe – May 24th
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the latest developments in finance, payments, retail, e-commerce and more across the Middle East and Europe regions.
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5 firms doubling down on Web3 and digital identity in 2024
Given the growing emphasis on decentralized identity solutions and self-sovereign identity models here are five firms doubling down on web3 and digital identity in 2024.
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5 ways banks can enhance data security in 2024
As digital banking continues to undergo rapid transformation keeping customer data safe has become a top priority for banks and fintechs globally. In 2024, here are five key steps organisations can take now to safeguard against security breaches.
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Sudin Baraokar: “Businesses need a proper big data strategy and a good structure in place”
Seamless Xtra Editor, Mark Dowdall, speaks with global AI & digital transformation advisor...
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5 innovations shaping the future of biometric authentication
Here are 5 rapidly-developing innovations that are already shaping the future of biometric authentication.
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EDEKA Jaeger introduces AI-powered age verification at self-service checkouts
Travellers at Stuggart Airport can now use AI-powered age verification technology to automatically purchase age-restricted good like alcohol.
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EFG Hermes ONE receives FRA approval for digital onboarding in Egypt
EFG Hermes ONE has become the first financial platform in Egypt to receive the Financial Regulatory Authority’s (FRA) approval to launch its digital onboarding (eKYC) process.
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UK retail sector loses £11.3 billion to payment fraud annually – Adyen
The UK retail sector is losing billions to payment fraud annually, new research from global fintech platform Adyen has revealed.
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Multi-biometric system handles ‘one million’ passengers at Zayed International Airport
Zayed International Airport has successfully processed over one million passengers through Abu Dhabi’s new terminal since its inauguration, last November, marking a milestone in travel efficiency but also showcasing the power of biometric technology.
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Middle East weekly news roundup – launches, partnerships, funding
Welcome to this week’s Middle East weekly news round-up where we bring you a concise overview of the latest developments in the Middle East finance, payments, retail, e-commerce and technology landscape.
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