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Security and Mobile Wallet Top of Mind At Finovate Spring 2013

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Authentication of users, particularly users of mobile banking, was top of mind at Finovate, as was mobile wallet. This is fitting, since a recent study showed security fears were the number one reason holding back mobile wallet adoption. None of the five Best of Show award winners were from these two prominent product categories. The Best of Show winners were FamZoo, for its family of prepaid card; LendUp, for its lending platform for the underserved; MoneyDesktop, for its new analytics and marketing engine; PayNearMe, for the whitelabeled version of its cash payment system; and TipRanks, for its free browser plug-in that rates investors by the success of their investment calls. The following 13  presentations (18% of the 72 at the show) demonstrated security or authentication products at Finovate Spring 2013: EyeVerify, for its biometric “eyeprints” Usher, a mobile authentication network from Microstrategy AuthenticID‘s pictureID uses private data sources to verify users NICE System showed a mobile customer service package that included authentication protocols OneID uses idenity verification to create a one-click sign-on for sites Internet Biometric Security Systems (IBSS) offered its own biometric system employing four-factor authentication TrustedKnight showed off software to fight man-in-the-middle browser-based attacks Sygnifyd‘s Guaranteed Payments aim [...]

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