Get the latest announcements from MEF Members across the mobile ecosystem globally in this weekly review of member news…
Mobile payment co. Boku acquires Danal for up to $68M to add user authentication
After going public in the U.K. last year, Boku has made an acquisition to expand its carrier billing services, which let users bill to their mobile bills mobile content purchases from companies like Apple, Microsoft, Spotify and 152 other app and other content purveyors. Today, Boku announced the acquisition of Danal, Inc., a specialist in mobile identity and authentication services, so that it can offer more sophisticated transaction services and also to move into new areas.
Boku will pay up to $68 million for Danal, the company said. Specifically, the financial terms are described by Boku as a “reverse triangular merger” and include 26.7 million Boku common shares of $0.0001 each (“Common Shares”), $3 million of Boku warrants exercisable at 141p each and $1 million in cash, along with a deferred consideration of up to $64 million, “satisfied in Common Shares and warrants, dependent on Danal’s future performance,” which Boku also described as “challenging performance targets for Danal, thereby allowing both parties to share the benefits of efficiencies and growth.”
ForgeRock and Socure Partner to Secure the Complete Customer Identity Lifecycle
Gartner Identity & Access Management Summit – Socure and ForgeRock today announced a strategic partnership that enables companies to deliver a frictionless user experience for customers from initial onboarding through the complete lifecycle of their digital relationship with a brand. The combination of Socure’s AI-based risk scoring and ForgeRock’s comprehensive identity and access management platform enables businesses to make real-time digital identity verification, access and authorization decisions with unprecedented speed and accuracy.
The joint solution combines ForgeRock’s Identity Platform with Socure’s digital identity verification service for day zero customer on boarding and automated provisioning of all subsequent processes by ForgeRock. This powerful combination ensures that only fully verified users will be onboarded through the ForgeRock provisioning process with the highest accuracy available in the market. The ForgeRock-Socure integration significantly reduces fraud, manual reviews and streamlines onboarding during new account opening. It also makes it simple for joint customers to build advanced registration processes and ensure end-users have all the access they need instantly.
Deal agreed for caller authenticaion specialist
A Reading-based caller authentication and fraud prevention systems specialist is set to be acquired by a US group.
TRUSTID, founded in 2007, works with financial institutions and other enterprises to authenticate callers, protect account access, prevent fraud and comply with regulations.
Neustar, a US-headquartered provider of real-time information services, has entered into a definitive agreement to acquire the business.
The acquisition will enable Neustar to add inbound call engagement systems to its existing outbound call engagement products.
Robert McKay, Neustar vice president and general manager of risk solutions, said: “Bringing TRUSTID’s capabilities together with Neustar instantly addresses the most pressing challenges facing contact centre executives today – maintaining customer trust, delivering a personalized customer experience, reducing operating costs, and minimizing risk.
This agreement marks the first SAFR integration partnership in Brazil since the launch of SAFR in July 2018. NIST (NIST.gov) ranked SAFR as one of the top facial recognition algorithms in the world for “Wild Faces” FNMR, complementing its outstanding 99.8% accuracy rating against the University of Massachusetts’ database for Labeled Faces in the Wild (LFW).
Gemalto to trial biometric boarding technology at Los Angeles Airport
Digital security specialist Gemalto has partnered with an airline to launch a trial of biometric boarding technology in Terminal 4 at Los Angeles International Airport (LAX) in the US.
Known as Gemalto’s Live Face Identification System (LFIS), the trial will check whether the passengers’ needs are met through facial recognition against a traditional boarding pass.
It will also assess whether the new technology complies with the US Customs and Border Protection (CBP) requirements.
Gemalto government programmes senior vice-president Neville Pattinson said: “Being able to use your face instead of your boarding pass will not only enhance security but allow passengers to board more easily and quickly.
Route Mobile, Oracle Marketing Cloud Join Hands On A2P Messaging
Route Mobile, a firm that primarily offers enterprise messaging services, has joined hand with Oracle Marketing Cloud, to offer better consumer experiences and messaging services.
“Being a technology-driven cloud communications platform provider means staying ahead of the innovation curve with innovative products and strategic partnerships.
We intend to continue to ensure seamless delivery of SMS messages to companies so that they can have deeper mobile customer engagement with two-way SMS communication, which makes the interaction more engaging and generates an excellent customer experience,” said Rajdipkumar Gupta, MD and Group CEO, Route Mobile.
“We are excited about this collaboration. We believe that Oracle Responsys customers will benefit from our quality A2P SMS routes across the globe, proprietary cloud communications platforms, and domain expertise. We will aim to ensure every enterprise is armed with a cloud or on premise solution. We plan to leverage this platform to tap, offer our innovative products, and support customers around the world by utilizing the Oracle Responsys platform at a global scale.”