Microsoft sets out vision for a blockchain-based infrastructure that lets consumers manage their own digital identities

Decentralized digital identities and blockchain — The future as we see it — Microsoft — “The world is undergoing a global digital transformation where digital and physical reality are blurring into a single integrated modern way of living. This new world needs a new model for digital identity… We believe it is essential for individuals to own and control all elements of their digital identity… This self-owned identity must be easy to use and give us complete control over how our identity data is accessed and used.”




Consumers call for biometric logins to financial services apps

IBM Future of Identity study: Millennials poised to disrupt authentication landscape — IBM — “Security was vastly ranked as the top priority for banking, investing, and budgeting apps — for these categories on average 70% selected security as the top priority, with 16% selecting privacy, and 14% selecting convenience… 44% ranked fingerprint biometrics as one of the most secure methods of authentication; passwords and PINs were seen as less secure (27% and 12% respectively).”



Apple details Apple Pay Cash in updated iOS Security guide

iOS Security — Apple — “When you set up Apple Pay Cash, the same information as when you add a credit or debit card may be shared with our partner bank Green Dot Bank and with Apple Payments Inc, a wholly owned subsidiary created to protect your privacy by storing and processing information separately from the rest of Apple and in a way that the rest of Apple doesn’t know.”


Nordea switches on its open banking platform

Nordea Open Banking is live — Nordea — “Together with fintechs and other external developers we aim to create new products and services for our customers at a faster pace than we could do by ourselves, while keeping customers firmly in control of what data they wish to expose and which products they wish to use, says Claus Richter, head of cash management solutions at Nordea.”


UK consumers split 50:50 on willingness to share personal data with banks

NCR research highlights consumer desire for innovative banking services in the UK — NCR — “Nearly half of respondents (47%) with personal bank accounts would only feel comfortable with banks collecting the bare minimum of data required to run their accounts… 49% were interested in banking loyalty programs in partnership with retailers requiring third-party data sharing. 46% were open to financial advice services that keep track of their spending information to help save money.”


Apple details its face detection algorithm

An on-device deep neural network for face detection — Apple — “Apple started using deep learning for face detection in iOS 10. With the release of the Vision framework, developers can now use this technology and many other computer vision algorithms in their apps. We faced significant challenges in developing the framework so that we could preserve user privacy and run efficiently on-device. This article discusses these challenges and describes the face detection algorithm.”





US Senator asks Apple CEO to clarify Face ID privacy concerns

Sen Franken presses Apple to address privacy concerns over iPhone X’s ‘Face ID’ technology — Senator Al Franken — “Substantial questions remain about how Face ID will impact iPhone users’ privacy and security, and whether the technology will perform equally well on different groups of people. To offer clarity to the millions of Americans who use your products, I ask that you provide more information on how the company has processed these issues internally, as well as any additional steps that it intends to take to protect its users.”



GlobalPlatform simplifies management of privacy-enhanced identity documents

GlobalPlatform simplifies management of privacy-enhanced identity documents — GlobalPlatform — “GlobalPlatform has published its Card Privacy Framework and Privacy-Enhanced ID Configuration. The technology helps governments and identity issuers to enable state of the art privacy and security for smart card based digital identity programs, like e-passports, driving licenses and e-ID documents.”




EU agency calls for action on IoT security

ENISA logo

The EU Agency for Network and Information Security (ENISA) is calling on the European Commission to define a policy framework ensuring minimal requirements for the security of Internet of Things (IoT) devices along with the development of mandatory staged requirements for security and privacy to give stakeholders a “level playing field” in implementing trust into connected devices and IoT systems. More


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