Humaniq and Coinfirm partner to improve trust in financial inclusion technology

Fintech firm Humaniq and Blockchain company Coinfirm have announced a partnership to provide advanced security and transparency for financial inclusion technology. Coinfirm’s anti-money-laundering (AML) solution will be integrated with Humaniq’s ecosystem to protect transactions made with its native HMQ token. Coinfirm will apply its regtech (regulatory technology) to all white-labelled HMQ wallets on Humaniq’s network to provide information about registered secure wallets, which will increase the efficiency of transactions and improve trust for new and existing members of global markets,

VisionLabs and BS/2 partner for interbank facial recognition services

VisionLabs and Lithuanian banking technology company BS/2 have announced a strategic partnership to create a line of interbank services for contactless identification based on facial identification. The services will be offered as an integrated solution utilize a self-service video surveillance and fraud prevention system from ATMeye.IQ and the LUNA facial verification platform with the existing portrait camera. The solution captures depersonalized user data with video stream analysis including gender, age, race, and emotional responses, providing opportunities for marketing research, KPI

AEON Bank trials Mofiria-developed biometric authentication system

Japan’s AEON Bank is trialing a biometrics authentication system developed by Mofiria Corporation at its ATMs and teller windows, allowing clients to make transactions without a bank card or PIN. The Mofiria solution combines both finger vein and fingerprint authentication technologies. Mofiria is providing the bank with the hybrid biometrics device and related software library for finger vein authentication. According to the company, this is the first trial in Japan to use biometrics only to enable secure banking transactions. AEON

Veridium launches partnership and pilot to deliver financial services to underserved populations

Veridium has announced a partnership with South Africa-based financial services platform Wala to provide universal and affordable financial services to countries with emerging economies in Africa, beginning with a pilot program in sub-Saharan Africa. Wala is a blockchain-powered platform for people without access to adequate financial services, and the company will collaborate with Veridium to deliver accessible, zero-fee banking to consumers via biometric authentication technology on unmodified Android smartphones. Veridium’s biometric authentication technology is expected to work in developing nations

Nations Trust Bank selects Daon’s IdentityX platform for biometric authentication

Nations Trust Bank of Sri Lanka has launched two new apps using biometric authentication powered by Daon’s IdentityX platform. The bank is utilizing Daon’s IdentityX soft token, finger, face and voice authentication. Multiple digital applications from the bank were enabled in parallel during implementation and launched in quick succession. IdentityX powers all of the customer authentication process flows including registration, set up of authentication methods, ongoing customer login and step-up authentication. Nations Trust Bank plans to enable biometrics across various

Korean banks reject iPhone X face ID due to security concerns

Twenty Korean banks have rejected the facial recognition security feature of Apple’s iPhone X due to security concerns, according to a report by the Korea Herald. Following reports that the security of the new phone’s Face ID feature has been breached, a number of commercial and online banks said they would not provide the facial authentication option to authenticate customers logging into their accounts. “It was difficult for us to adopt the biometric technology (of iPhone X) abruptly, since it

Dr Hemant Mardia keynotes EAB biometrics in banking and payments seminar in London

IDEX CEO Dr. Hemant Mardia presented the afternoon keynote at the European Association of Biometrics seminar on Biometrics in Banking and Payments in London last week. Dr Mardia’s presentation covered the development and deployment of biometric cards. The Biometrics in Banking and Payments seminar reflects the trends and opportunities of biometrics in the financial market and focus on practical issues of biometrics for financial services. More than 18 banks and financial institutions participated at the London seminar. The next Biometrics

BBVA integrates biometric authentication tech from Samsung into banking app

Biometric authentication solution Samsung Pass has been integrated into Spanish bank BBVA’s mobile app to enable consumers with Samsung-compatible smartphones to log in to their account without a login or password. Samsung Pass is based on FIDO specifications, and replaces passwords with fingerprint and facial authentication, as well as iris recognition. “BBVA’s goal is to deliver a fast and user-friendly browsing experience,” explained Raúl Navarrete, BBVA Spain’s Head of Mobile Channels. Iris recognition not only provides agile and seamless access

European Payments Forum

5th Annual European Payments Forum March 1-2, 2018 Amsterdam, The Netherlands After the great success of the September 2017 event, we will have our next annual European Payments Forum in March 2018. This time, the hosting city is going to be Amsterdam, The Netherlands. The event will continue to discuss PSD 2 as it transformed the entire banking system and caused a big headache for banking professionals. Participants will have the chance to debate about FinTech & Technological (R)evolutions and

EAB seminar to focus on practical issues of biometrics for financial services

The European Assocation for Biometrics (EAB) will carry out its popular Biometrics in Banking and Payments seminar next month at the ABN AMRO headquarters in Amsterdam. The seminar will reflect the trends and opportunities of biometrics in the financial market and focus on practical issues of biometrics for financial services. Topics to be covered include the implementation of PSD2, privacy and data protection in the perspective of the new GDPR and how to choose the right solution. Keynotes will be