Prove Blog

Leading digital identity technology company Prove recognized for most promising future and best work environment for its employees

The UK Digital Identity and Attributes Trust Framework details the principles, policies, and standards that must be followed by organizations providing or using digital identity services.

Here are some interesting examples of machine learning applications in banking.

Apple Pay has delivered many good things. But there are dark clouds on the horizon.

Investments in FinTech have grown exponentially in the past decade – rising from $1.8 billion in 2010 to $19 billion in 2015.

‍Biometrics has been gaining popularity in the financial services industry worldwide. The biometrics market is expected to reach a value of $30 billion by 2021.

The value of fraudulent online transactions is expected to grow from $10.7 billion last year to $25.6 billion in 2020.

Electronic payments globally are being adopted at an outstanding pace combined with rapid technology development and digital experience improvement.

Social engineering refers to psychologically manipulating people to make them act or divulge information.

Silicon Valley Bank, the bank of the world’s most innovative companies, announced it had acquired the assets and team from startup company Standard Treasury to accelerate the development of its banking services APIs.

With the implementation of PSD2 in Europe, banks’ monopoly on their customer’s account information will likely disappear.

SIM Swap, also known as SIM Splitting or SIM jacking is a fraudulent activity, where a fraudster takes complete control of users’ phone accounts by either porting or cloning their SIM without their knowledge.