UK Finance Group Presses for Safeguards Around National Digital ID Wallet
The Investing and Saving Alliance is urging the UK government to add stronger safeguards to its proposed digital ID system before financial services firms rely […]
financial services
159 articles
Hopae Launches eIDAS 2.0 Readiness Tool to Prepare Financial Institutions for Mobile Wallet Identity
Identity verification provider Hopae has released a free eIDAS 2.0 readiness assessment tool designed to help financial institutions prepare for mobile wallet-based identity verification under […]
Visa Develops FIDO-Based Payment Passkey to Replace OTP Authentication in India
Visa is developing and implementing alternatives to one-time password (OTP) authentication to enhance payment security and user convenience. The company's new Visa Payment Passkey solution […]
Saudi Central Bank Approves Visitor ID for Bank Account Opening
The Saudi Central Bank (SAMA) has announced approval for banks across Saudi Arabia to accept the Visitor ID, issued by the Ministry of Interior, as […]
India's EPFO to Launch Facial Authentication for UAN Registration in 2025
India's Employees' Provident Fund Organisation (EPFO) is implementing a new facial authentication system for Universal Account Number (UAN) generation and activation, beginning August 1, 2025. […]
Financial Ombudsman Warns of Rising Virtual Banking Card Fraud Ahead of 2025 Security Regulations
The National Financial Ombudsman has issued a warning regarding increased fraud activity involving virtual banking cards, following a 73 percent surge in digital banking fraud […]
Mobile Phishing Attacks Target Brokerage Accounts in 'Ramp and Dump' Stock Manipulation Scheme
A significant surge in mobile phishing attacks targeting brokerage accounts has emerged in 2024 and continued into 2025, with cybercriminal groups deploying sophisticated phishing kits […]
Bank of Valletta Launches Enhanced Authentication System with Real-Time Transaction Alerts
Bank of Valletta (BOV), Malta's largest banking institution, has implemented new customer authentication security measures in 2024 to enhance protection against fraud and financial crime, […]
Hong Kong Launches Multi-Sector Alliance to Combat Online Financial Fraud with Charter 3.0
Hong Kong has launched a new alliance between major technology and telecommunications companies to combat online fraud, marked by the introduction of the Anti-Scam Consumer […]
South Africa Raises ID Verification Fees 66-Fold, Announces Major System Upgrades for 2025
South Africa's Department of Home Affairs has announced significant changes to its ID verification services, implementing both price increases and system upgrades effective July 1, […]