ThreatMetrix and Gemalto recently announced a new partnership to provide their customers with the combined benefits of their authentication and digital identity products, according to a press release.

The partnership covers institutions worldwide and will focus on delivering "holistic" authentication to the financial services segment, including banks, payment services providers, credit card networks, international payment transfer companies and fintech companies.

"Authenticating digital identities has become essential for the financial services industry," Pascal Podvin, senior vice president of field operations for ThreatMetrix. "This allows financial institutions to deliver superior customer experiences while driving online revenue growth. Crucially, this also prevents massive losses from rising fraud attacks, particularly in cases of identity spoofing."

The companies said in the announcement that integrating the unique insights from the ThreatMetrix Digital Identity Network with Gemalto's authentication products will help protect online customers from external attacks, while striking the balance between a user-friendly and secure online experience.