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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Category: Identity
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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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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EQ Bank partners with Trulioo to enhance identity verification
Canada’s EQ Bank has partnered with Trulioo to enhance its identity verification process including a focus on three key areas.
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Klarna rolls out sign in service to fast-track online purchasing
Payment provider Klarna has launched a new “Sign in with Klarna” service, designed to enable a smoother shopping experience and increase consumer control over their own data.
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Facephi partners with Temenos Exchange to expand identity verification
Facephi has expanded the availability of its identity verification solutions to Temenos Exchange, an open marketplace which offers pre-integrated and approved fintech solutions.
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Interview: E-commerce in the Philippines and why its future will be mobile-based
Edmon Joson, Chief Product Officer of Tonik Digital Bank and Carlo Brillantes, Head of Fintech at Foodpanda talk payments, identity and addressing unique cultural needs in the Philippines.
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New money laundering measures to include cash payment limit across the EU
The European Parliament and Council has finalised a deal to beef up measures to fight money laundering, including a European Union-wide limit on large cash payments of 10,000 euro.
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Why blending technology and design is key to the ultimate airport experience
As airport travel becomes more seamless than ever, could AI-based scanning tunnels be the next big thing? At the same time, retail and lifestyle experiences are becoming increasingly common, even before people go through security and immigration.
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EDISON Alliance releases digital inclusion impact report for 2024
The EDISON Alliance has released its second Annual Impact Report while four new countries have joined the network to increase digital inclusion.
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Zwipe shifts focus from biometric payments to access control technology
Zwipe AS has said it plans to shift its focus away from biometric payment products as a result of less-than-expected progress in either market adoption or in the pace of commercial launches towards the end of 2023.
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Aware and Avanza partner to provide biometric authentication for banks and fintechs
Aware and Avanza Solutions have announced a new partnership that aims to expand biometric authentication to fintechs in the world’s two ‘fastest-growing’ regions for financial services.
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Facephi, Mbank ink deal to enhance onboarding and facial authentication
The deal with Mbank represents the latest integration of Facephi’s biometric technology having entered the Middle East market in June, this year.
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Kingston Technology: Privacy and data security ‘imperative’ for financial organisations in the Middle East
So far, 2023 has seen record-high costs due to data breaches in the Middle East, with finance ranking as the most targeted sector. Kingston Technology Europe is calling on banks and investment firms to be more pre-emptive in their approach to data security.
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Nigerian government partners with eGate and Visa on digital ID and payment card
The Nigerian government (Nasdra) has agreed a deal with eGate and VISA, to enhance the country’s digital infrastructure and provide citizens with digital identity and unified payment cards.
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Final agreement reached on regulations for EU Digital Identity Wallets
The European Parliament and the Council of the EU have reached a final agreement on the regulations around introducing European Digital Identity Wallets.
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IATA tests first integrated shopping to travel journey using digital identity
The International Air Transport Association (IATA) has successfully tested the first fully integrated digital identity travel experience, from shopping for flights to arrival, on a journey from London Heathrow (LHR) to Rome Fiumicino (FCO) with British Airways.
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Dubai prepares biometric payments for public transport fares
Dubai’s Roads & Transport Authority recently unveiled several new projects including a smart gate for paying public transport fares through facial recognition.
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Over 1.5 billion digital identity wallets will be in use by 2029 – Goode Intelligence
Over 1.5 billion digital identity wallets are predicted to be in use by 2029 as the global market for both government and commercial issued digital identities continues to grow.
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