Security

Facial Recognition Technology Rapidly Picking Up Steam with Banks and Fintechs

Advancement in biometric technology, including facial recognition, touch ID fingerprint sensors and voice recognition, is creating new opportunities for fintech innovators to streamline the customer experience. Facial recognition in particular is seeing rising adoption in Asia but also other parts

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eKYC Solution Provider Jumio Announces Record New Account Growth

Jumio, a renowned provider of AI-powered end-to-end identity verification and authentication solutions, today announced the biggest quarter for customer growth in the company’s history. Jumio says its growth was spurred by financial services and healthcare organizations which were forced to

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Why Fraud Detection is Imperative to Asia’s Digital Banking Revolution

In recent years, we have witnessed accelerated growth in Asia’s digital banking sector. More fintechs and newly licensed virtual banks are coming to market to address the unbanked segment, while traditional banks are transforming to manage costs and achieve operational

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5 Cybersecurity Startups Serving Fintechs and FSIs in Southeast Asia

Technology and digitalization are changing the way we spend, save and lend, and with more and more products and services being delivered online, cybersecurity and fraud have become a major area of concern for fintechs and the financial services industry.

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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach

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Singapore’s Cybersecurity Startup Map

Singapore’s cybersecurity industry is growing strong, with now some 105 unique startups, according to the Innovation Cybersecurity Ecosystem at Block71 (ICE71)’s latest Singapore Cybersecurity Community Map.   Singapore Cybersecurity Startup Map These startups operate in cybersecurity and associated fields including

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Adoption of Facial Recognition for eKYC on the Rise in Asia

The increasing risk of data breaches, coupled with customer demand for all-digital onboarding processes, rising mobile phone penetration, and security concerns among customers, is expected to propel future global growth of technology-based identification, especially in APAC, according to a report

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Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who

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With Mobile Payments on the Rise, Creator of QR Codes Thinks It Needs a Security Revamp

QR Codes were first invented in 1994 by Japanese engineer Masahiro Hara. When it was created for Denso, they were originally used for manufacturing and issuing tickets and coupons. Never in Masahori Hara’s wildest dream did he imagine that his

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Facial Recognition Authentication: Is It Good Enough to Fight Financial Fraud?

More than 2800 branches were closed in the UK between 2015 and the end of 2018, and a similar trajectory can be seen across the globe. This trend is driving traditional banks to switch to expand their businesses digital channels,

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