Fintech, Finance, Technology, Banking Highlights – 24 October 2017
Samsung SDS America adds BioCatch behavioral biometrics to Nexsign platform
BioCatch, the global leader in behavioral biometrics, announced today that it has teamed up with Samsung SDS, a global software solutions and IT services company, to integrate behavioral biometrics into its solution, creating an innovative, more powerful layer of fraud protection that works beyond the initial login process.
The strategic partnership was made public during this year’s Money 20/20 conference in Las Vegas, NV.
BioCatch’s unique technology will be integrated into and complement Nexsign, Samsung SDS’s FIDO-certified, enterprise-grade biometric authentication software. The integration will fill the major security loopholes exposed when seamless interfaces of today’s most popular mobile applications don’t require a user to login multiple times to validate their identity. BioCatch will use risk-based authentication to continuously monitor Samsung SDS’ users by mapping their behavioral patterns after log-in, to better distinguish between an authorized user, and that of an unauthorized user or an automated BOT or malware.
Alipay joins with Marqeta for US payments play
Marqeta, the open API payment card issuing platform, and Alipay, the world’s leading third-party payment platform, have partnered to streamline payment acceptance for millions of Chinese travelers paying with Alipay when shopping in the U.S. Through the partnership, Marqeta’s platform will facilitate the completion of Alipay’s payment process in real-time, providing Alipay’s more than 520 million registered users in China with easy and seamless purchasing capabilities at millions of domestic retail locations across the country.
Zafin takes miRevenue platform to the cloud
At Money 20/20, Zafin announced its miRevenue platform is now available as a cloud-based SaaS offering, Zafin Cloud, for Retail Banks in North America.
For years, the miRevenue platform has brought value to its global banking clients through revenue enhancement, risk mitigation, and reduced time-to-market for retail and wholesale line of businesses within banks. Banks may now benefit from simpler, faster implementations via Zafin Cloud which is powered by Microsoft Azure.
“Zafin Cloud addresses our clients’ need to move swiftly along their digital journey,” said Adam Nanjee SVP, Digital Banking at Zafin. “We are already a trusted partner to many of the world’s largest banks. Now, with Zafin Cloud launching with several North American banks, we are uniquely positioned to serve the entire banking landscape in North America from regional, to super regional to Tier-1 banks. As our first SaaS platform, Zafin Cloud is built to provide secure, scalable out-of-the-box functionality, empowering banks to bring financial products and offers to market faster.”
Top Image Systems launches cloud-based accounts payable tech for SAP
Top Image Systems Ltd. (NASDAQ: TISA), a global provider of solutions that facilitate digital business, today announced the launch of its cloud-based eFLOW AP solution, integrated with SAP Business One.
In delivering a cloud-based deployment of its proven on-premise eFLOW AP for SAP, Top Image Systems can empower a broader range of accounts payable professionals with end-to-end automated invoice processing. For Business One organizations, the solution can radically enhance processing efficiency, expand accounts payable staff performance, reduce operational risks, and improve response times and customer journey experiences.
Finicity launches online platform for lenders
Finicity, a leading provider of real-time financial data aggregation and insights, announced today Finicity Reports, an online platform that allows lenders to order, manage and monitor digital verification reports.
Finicity Reports streamlines the credit decisioning experience to deliver loan approvals faster and with less chance for fraud than traditional methods. The first type of report to be available through the platform is verification of assets.
“At Finicity, we are digitizing lending through direct access to financial account information permissioned by the borrower,” said Steve Smith, CEO and co-founder of Finicity. “By leveraging real-time account data directly from the bank, we’re able to provide a comprehensive view of a borrower’s financial status and generate an accurate verification in minutes.”
