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

Gemalto, UTCID work together to improve security, identity and privacy

Gemalto has entered into a partnership with the Center for Identity at the University of Texas at Austin (UTCID) to further efforts in research and education on identity management, privacy and security. UTCID was established in 2010 to educate industry players and the public, forecast threats, and share best practices. With this partnership, Gemalto and UTCID will focus on the following research topics to provide new options for industry players: biometrics as a solution for identity management and authentication; benefits

India updating ATMs to include facial recognition tech

India’s Automated teller machines (ATMs) will be replaced in the next three to four months with new multi-function biometric-enabled machines, according to a report by NCR Corporation said that bank ATMs will be replaced with new machines that have biometric face recognition features, which will improve the overall security. As a global leader in omnichannel solutions, NCR Corporation has a 50 percent ATM market share in India. The company’s Hyderabad-based R&D center develops Interactive Teller ATM and EMV contactless

Brazil’s first digital bank branch powered by Diebold Nixdorf

Saque e Pague, a Brazilian multiple service self-service network, is partnering with Diebold Nixdorf on a new digital bank branch. The first of its kind in Brazil, the new branch is equipped with cash recycling technology, video conferencing, 2D barcode readers, NFC and biometric authentication. Biometric authentication and NFC capabilities add an additional layer of security and convenience for routine transactions while two-way video services enable the consumer to request assistance for more complex transactions. Diebold Nixdorf is supplying the

More banks roll out Face ID login option

Singapore’s OCBC Bank, Britian’s Tesco Bank and Westpac in Australia have updated their mobile banking apps to enable iPhone X customers to login and authenticate payments using facial recognition. OCBC Bank has launched OneLook, which uses facial recognition to enable payments and access account information through the bank’s app. The feature can be used on the iPhone X across all of OCBC’s financial apps. Just like OCBC Bank’s OneTouch fingerprint authentication, OCBC OneLook was developed entirely by OCBC Bank’s in-house