In Other News: FINCA (First Access); TRUSONA (insurance); 3SCALE (Adyen); and PRECISE (OT).
FINCA – FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership will vastly improve FINCA’s outreach to excluded populations. First Access will analyze existing client data from FINCA’s operations, as well as subscriber data from local mobile network operators (MNOs), to establish credit scores for low-income clients who lack sufficient formal credit history to secure small loans to build businesses or support emerging personal needs.
TRUSONA – Trusona, the category-defining identity and authentication platform for the world’s most critical and sensitive Web and mobile transactions, announced its unique authentication platform and federated identity solution for the enterprise is now insured by an A+ Rated insurance carrier. The insurance approval of Trusona’s technology follows rigorous and broad security testing conducted by one of the world’s premier cybersecurity and forensics firms, Stroz Friedberg. Insurance for Trusona’s solution is available for up to $1,000,000 coverage per transaction. Since the company’s launch in February 2016, Trusona’s unparalleled technology, the TruToken, has completely changed how the world’s most sensitive assets are protected and secured. The technology’s debut, in conjunction with in-person identity proofing and authentication methods created by Trusona, has enabled insured authentication for the first time in history.
3SCALE – 3scale, the leading API Management Platform for API providers, has integrated Adyen’s popular payment service into its API management platform, making it easier for even more companies to monetize their APIs. With Adyen’s rapid growth and use by large enterprises that have significant amounts of monthly transactions, in addition to those that deal with different regulations and payment types at an international level, the integration simplifies the API payment process. The feature is available to all API providers on 3scale plans that include billing/monetization (Power, Pro and Enterprise).
PRECISE – Precise Biometrics has inked an agreement with Oberthur Technologies for licensing of Precise BioMatch Embedded. The integration of Precise Biometrics’ leading fingerprint recognition solution in PEARL by OT, the most advanced multi-application embedded secure element (eSE) on the market for mobile, M2M and IoT devices, brings an additional layer of security to biometric authentication and enables easy deployment of secure services using fingerprint technology, such as mobile payments.