Visa is introducing behavioural biometrics and device fingerprinting across its European network of financial institutions, payment service providers, and merchants.
The financial services corporation has chosen Callsign as its biometric digital and device intelligence identity provider.
The partnership will mean banks, merchants, and the wider card network will have access to authentication solutions which help to positively identify consumers using behavioural biometrics.
The technology uses machine learning techniques and combines behavioural biometrics, device intelligence and geo-location with multi-factor authentication to help authenticate users’ identities.
"The need to accurately identify users online for digital payments and online banking is critical due to the shift to online transactions in the past 18 months,” said Amir Nooriala, chief commercial officer, Callsign. “Financial services organisations are looking for the technology that provides the most secure, accurate and seamless user experience to incorporate into their solutions.
"We are pleased to be joining the Visa Fintech Partner Connect to work with Europe’s leading FinTechs.”
Latest News
-
UK regulator says Mastercard and Visa are breaking competition law
-
Kraken launches global money app
-
Ant Group commits $3.26bn to R&D in 2024
-
Former Barclays boss loses appeal against financial services ban over Epstein ties
-
UK regulator unveils ‘once-in-generation’ financial advice reforms
-
Digital challenger bank Chase rolls out first UK credit card
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories