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EBA-ECB report shows SCA works but scams keep growing

European regulators have warned that while strong customer authentication has proved effective in reducing payment fraud, criminals are rapidly adapting their methods, driving overall...

Why banks must adopt biometrics to fight financial fraud

Biometrics are quickly replacing passwords as the preferred method of authentication across the financial services sector.

Salt Edge partners with Tradu to enhance security and scale European...

Tradu, a London-based multi-asset trading platform for active traders and investors, has formed a partnership with Salt Edge, a global leader in open banking...

Strong Customer Authentication non-compliance costs £2m in sales

Businesses not compliant with Strong Customer Authentication (SCA) miss out on £2m in sales each day, a report from Barclaycard Payments claims.

FCA updates its handbook for a post-Brexit UK market

The Financial Conduct Authority (FCA) has published an updated version of the FCA Handbook to give companies ample time to prepare before the Brexit transition period is over.

iProov launches new solution to fight deepfake cybercrime

RegTech iProov's new solution is set up to tackle the rising threat of deepfake-based cybercrime.

Customers abandon purchases because of strong customer authentication processes

Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.

How facial recognition software can be used in ATMs

Using biometrics to provide strong customer authentications is becoming more popular and is beginning to be used in ATMs to help customers identify themselves.

Challenger bank Knab taps facial biometrics company iProov for its customer...

Dutch online bank Knab prides itself on supplying a human service backed by the latest technology. To that end, it has just teamed up with biometrics company iProov.

UK’s FCA pushes back SCA implementation even further

With the coronavirus putting a lot of pressure on businesses, the UK Financial Conduct Authority has yet again extended the deadline for Strong Customer Authentication (SCA).
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