Lithuania-based identity verification, compliance, and fraud prevention company, iDenfy, has recently entered a strategic partnership with UK-based provider of ethical residential proxies, Ping Proxies.

WEX, a global payment processing and fleet management firm, has partnered with Trulioo to accelerate and secure its KYC process for European fuel card users.

Europe-based identity verification platform, IDnow, announces it is now compliant with eIDAS 2.0 regulation for remote ID verification.

Handwave has secured USD 4.2 million to scale its software for customers and partners across the regions of Europe and the US.  

Regula has partnered with Indicio to introduce tamper-proof verifiable credentials that optimise document issuance and biometric identity verification.

Naver Pay has launched facial recognition payments on university campuses and plans to introduce its own payment terminal later this year.

India-based Federal Bank has rolled out a biometric authentication feature for debit and credit card transactions carried out on ecommerce platforms.

OpenAI CEO Sam Altman has warned financial institutions of fraud risks enabled by AI, urging reform in authentication and wider protections against systemic threats.

QIIB has launched a biometric-enabled version of Visa’s Click to Pay service, becoming one of the early adopters of the feature among Gulf Co-operation Council banks.