EAB presenting Biometrics in Banking and Payments seminar in London

The European Assocation for Biometrics (EAB) will conduct its popular Biometrics in Banking and Payments seminar next month at the IBM Client Centre in London, UK. The seminar will reflect the trends and opportunities of biometrics in the financial market. Main topics to be covered include: PSD2, the need for user friendly and secure biometric authentication; current solutions, take up, customer satisfaction and benefits; how to select the right biometric authentication solution; biometric cards and how they can help banks,

This bank in Thailand enabled biometric access for their mobile app

Passwords have long been an outdated form of authentication, and are often the weak link in an otherwise solid security process. The world’s most popular password is 123456, with the second being 123456789. Ouch. Mobile devices are now being developed to include a new form of authentication related to biometric data. In short, the technology allows you to unlock your device via your fingerprint, voice, facial contours and even your iris pattern. When it works, it’s a neat way to

ConnexiCore to resell Enacomm’s biometric banking services

Enacomm, Inc. has signed a reseller agreement to offer its virtual personal assistant (VPA) and intelligent interactive voice response (IVR) technology to ConnexiCore’s bank and credit union clients ConnexiCore will introduce its bank and credit union clients to VPA banking and the Enacomm Financial Suite (EFS), which includes a hosted, dynamic IVR system for personalized customer interactions. “ConnexiCore’s advisory group is made up of some of the financial industry’s top experts on the technologies of today and tomorrow,” said Enacomm

HSBC introduces facial recognition to its mobile banking app in China

HSBC has introduced facial recognition capabilities in its mobile banking application for customers in China. Using the biometric authentication option, HSBC’s Chinese customers can open their HSBC mobile app, blink at their camera using the selfie mode and transfer up to RMB50,000 (just over US$7,500) a day, make payments and add new payees to their account as part of a broader technological outreach program. Customers identity will be checked against the photo stored in bank’s database. In addition, the bank

Indonesian bank introduces NICE voice biometrics solution for customer authentication

Permata Bank is the first domestic bank in Indonesia to introduce voice biometrics as part of its customer authentication protocol. NICE Real-Time Authentication (RTA), together with its process automation solution, will allow the financial institution to conduct secure and seamless voice authentication. The RTA solution creates and utilizes one voice print for each caller to deliver quick and efficient customer service across all voice channels, with no customer effort required. Authentication takes place within the first few seconds of the

Thai banks form group to address IT security and combat cyber threats

A consortium of Thailand financial institutions have formed an organization to address stability and security of IT systems and combat cyber threats, according to a report by The Nation. The Thai Bankers’ Association (TBA) established the Thailand Banking Sector Computer Emergency Response Team (TB-CERT), a group of 15 member banks which would work together to boost security at a time of innovative technologies in the financial services sector. The group is sponsored by the Electronic Transactions Development Agency (ETDA), a

Biometrics in Banking and Payments – London

Biometrics in Banking and Payments November 16, 2017 London, UK The seminar will reflect the trends and opportunities of biometrics in the financial market. It will be discussed how processes can be designed both convenient and privacy compliant. The speakers will provide you with their experience on how to best benefit of biometric technologies and solutions. Financial institutions get free entrance (lunch included). The seminar presents a line-up of excellent international speakers, ranging from end users (who share their experiences

Diamond Fortress subsidiary to enable financial inclusion for emerging markets

Mobile biometrics provider Diamond Fortress Technologies launched DFT Empower, the company’s new wholly-owned subsidiary tasked with promoting financial inclusion throughout the developing world. DFT Empower is working with financial institutions, software integrators, micro-finance organizations and others who require mobile biometrics and are focused on geographic areas where citizens are underserved or unserved all together. The subsidiary strives to enable financial inclusion to emerging markets, with the intent to improve the lives of people in lower and low income areas throughout

Biometrics in Banking and Payments – Amsterdam

Biometrics in Banking and Payments December 7, 2017 Amsterdam, Netherlands The seminar will reflect the trends and opportunities of biometrics in the financial market. It will be discussed how processes can be designed both convenient and privacy compliant. The speakers will provide you with their experience on how to best benefit of biometric technologies and solutions. The seminar presents a line-up of excellent international speakers, ranging from end users (who share their experiences with biometrics in their day to day

Bank of America exploring use of iris, facial recognition technologies

Hari Gopalkrishnan, managing director of consumer facing platforms and technology for Bank of America, says that if consumers find an authentication method to be cumbersome, intrusive or difficult to work with, they may opt out of using it, potentially leaving their digital identities more easily exposed to fraudsters, according to a report by PYMNTS. “We need to know what our customers really want to use before we can commercialize something and put it out to [them],” Gopalkrishnan said. “Once we