ThreatMark raises $23M to combat fraud as volumes hit grim milestones
While money is rapidly flowing into the coffers of criminals carrying out fraud around the world, capital is being invested…
Financial Services
Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.
DARPA considering program to ‘revolutionize’ AML
The U.S. Department of Defense is considering launching a program to “revolutionize the practice of anti-money laundering” and cut the…
Mandatory digital ID for banking policy goes into effect in Ethiopia
An Ethiopian government policy requiring the mandatory use of the national digital ID otherwise known as Fayda for banking transactions…
Biometric payments to generate $11.3B in revenue for suppliers by 2030
Biometrics are being used to secure a fast-growing number of payments in what Goode Intelligence calls “the pay by me…
Deepfake ring in Hong Kong busted for US$4.37M in romance investment scams
Deepfakes are expected to make mainstream headlines in 2025, as deepfake detection and AI-based fraud prevention firms line up to…
Palm biometric payments gain traction with transit rollout
A public transit operator in a small Asian country is joining forward-looking tech and payment giants like Amazon, J.P. Morgan…
Know Your Customer? Don’t be so sure, says iProov
Customers aren’t what they once were, with more and more transactions happening digitally and via mobile devices. As such, Know…
Central Africa needs traction on financial inclusion to advance economic growth
Financial inclusion is increasingly being considered one of the major drivers of digital transformation in Africa and other parts of…
Sberbank aims to lead Russia’s biometrics sector in years to come
State-owned Sberbank, Russia’s largest bank, is launching a range of new biometrics-based financial services in an effort to become one…
Authorized fraud rising and ID theft victim support to decline in 2025
It is the end of 2024 and as we gear up for the new year, we can also expect a…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection