World, the iris-scanning identity venture co-founded by Sam Altman, presented its first sector package at Money20/20 in Las Vegas on October 18: a banking-and-finance edition of World ID. It uses cryptographic proofs so a financial institution can verify a person, not an automated system. AI fraud is the backdrop; the missing pieces are a confirmed … Read more
Using a fingerprint or face to open a banking app feels high-tech, but the bank never sees either. Your phone compares the scan with a template in an isolated chip and tells the app only yes or no. The real weak point is the handset passcode. This guide is for daily bank-app users who want … Read more
A stolen smartphone is an expensive inconvenience. A stolen smartphone that is still unlocked — or whose passcode the thief watched you tap in — is a financial emergency. That is the thinking behind two features Google and Apple have been steadily building into their platforms: Anti-Theft Protection on Android and Stolen Device Protection on … Read more