Fintech, Finance, Technology, Banking Highlights – 31 May 2018
VASCO Transforms Business Enablement with Launch of New Anti-Fraud Platform, Renames Company OneSpan
VASCO Data Security International, transaction security and business productivity, today announced the launch of its Trusted Identity (TID) platform, which provides companies with a single platform to reduce onboarding and transaction-related fraud while securing and enhancing the end-user experience. VASCO also announced it is changing its name to OneSpan to reflect the significance of this shift in its strategy and solution offering.
The OneSpan Trusted Identity (TID) platform brings together the OneSpan’s broad portfolio of security technologies to enable real-time fraud detection for banks and enterprises through a cloud-based, open-architecture platform that uses real-time fraud analytics, multifactor authentication, mobile application security and orchestration of all of the available services. TID’s API-based approach integrates OneSpan-provided, third party and customer-developed tools to manage risk and reduce fraud, meet strict regulatory compliance, reduce the time and cost of implementation, and improve the user experience. The TID platform represents the next evolution of OneSpan’s two decades of leadership in preventing fraud and hacking attacks against the world’s leading financial institutions.
The newest solution available on TID is Intelligent Adaptive Authentication. This solution reviews data from user behavior, devices, mobile applications and real-time transactions, then uses artificial intelligence with machine learning plus pre-configured and customizable rule sets to analyze and score that data. The result of this analysis enables a precise level of security on user interactions while optimizing the user experience.
“Financial institutions are expanding their investments to address escalating fraud while competing to provide the best customer experience,” said Aite Group’s Retail Banking and Payments Research Director, Julie Conroy. “Increasingly, FIs are looking for platform solutions that support a flexible plug-and-play approach with multiple tools that enable them to nimbly evolve their fraud and authentication strategies. OneSpan’s layered approach using multiple technologies that work together is a great match for these needs, blending strong security with user convenience to help banks prevent fraud.”
Eze Software interfaces with Essentia Insight
Essentia Analytics, the ground-breaking provider of behavioural analytics and nudges to professional investors, announced a new interface with Eze Software’s award-winning technology. Essentia Insight allows professional investors to analyse their trade and portfolio activity for behavioural biases that may be damaging investment performance.
Through rich reporting and tailored nudges, the platform builds a data-driven feedback loop that can lead to measurably better investment performance.
Users of Eze’s Order Management (Eze OMS) and Portfolio Management & Accounting System (formerly Tradar) can now load their data into the Essentia’s behavioural analytics platform, Essentia Insight, via a standardized interface.
As a result, Eze Software’s clients will be able to get up and running with Essentia, and get to grips with their decision-making strengths and weaknesses, in record time and with minimal effort required from their own data teams.
Clare Flynn Levy, Founder & CEO of Essentia Analytics, said: “Demand for behavioural analytics has been increasing as active managers seek to add AI to their investment processes. Essentia Analytics leverages the data that portfolio managers are already capturing in Eze Investment Suite to help managers focus their time on doing more of what they’re good at, and less of what they’re not.”
Natixis joins Marco Polo, the Trade Finance Network powered by Blockchain Technology
As part of its ongoing efforts to offer nextgeneration trade finance solutions to its clients, Natixis has announced that it has joined the trade finance network Marco Polo.
Marco Polo is one of the fastest growing trade finance business networks and is a joint undertaking with enterprise software firm R3, trade finance technology firm TradeIX and a network of the world’s largest financial institutions.
Natixis is now part of a growing number of leading banks such as BNP Paribas, Commerzbank, ING, Standard Chartered Bank, Bangkok Bank, SMBC, DNB and OP Financial Group that are part of the Marco Polo initiative to provide a trade and supply chain finance platform built on an interoperable business network powered by open Application Programming Interfaces (APIs) and blockchain technology.
“We are delighted to become a member of the Marco Polo network and offer trade and supply chain finance solutions leveraging blockchain technology. This initiative belongs to Natixis’ continuous transformation plan, which is putting digital technology and innovation at the core of its strategy to improve the experience of its clients.”
said Anne-Cécile Delas, Global Head of Global Transaction Banking at Natixis. “We look forward to active collaboration with the other key members of the initiative and believe that there will be significant opportunity to synergistically drive the adoption of blockchain and new trade solutions in the trade finance market.”
