Fujitsu’s customer onboarding solution uses ImageWare biometrics technology

Fujitsu has launched Smart Origination, customer onboarding technology developed in unique partnership with ImageWare Systems, InAuth, Intelligent Environments, Mitek and Trunomi. The solution enables financial institutions to collect, process and verify documents and the identity of new applicants in less than five minutes. It operates across multiple channels to give a seamless customer experience, ultimately increasing conversion and reducing the cost of acquisition of new customers. According to a company statement, the Smart Origination solution reduces identity fraud by up

Vendors for iris recognition Aadhaar devices to be enrolled soon

India’s ministry of electronics and information technology has started enrolling vendors for providing iris-based Aadhaar authentication devices to facilitate the government’s e-governance promise and transition towards paperless transactions, according to a report by Infracircle. The National Democratic Alliance government is looking to provide financial services to all citizens through biometric identification through JAM (short for Jan Dhan, Aadhaar and Mobile) trinity. The Aadhaar-enabled devices captures the people’s personal information as well as their finger and iris imprints for real-time authentication.

Technavio identifies top 4 trends affecting biometrics in BFSI through 2020

Technavio has released a new research report on the global biometrics market in the banking, financial services and insurance (BFSI) sector, which analyzes the most important trends expected to impact the market outlook from 2016 to 2020. The report finds that the global biometrics market in the BFSI sector is projected to see a CAGR growth of close to 20% over the forecast period. Technavio ICT research analysts identifies the top four emerging trends driving the global biometrics market in

Biometrics in Banking and Payments seminar in London

Citibank, Citigroup Centre 16th Floor, Canada Square Canary Wharf, London, UK The Biometrics in Banking and Payments 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

EAB bringing its Biometrics in Banking and Payments seminar to London

The European Assocation for Biometrics (EAB) is presenting its 6th seminar on Biometrics in Banking and Payments on Friday, October 21, 2016 at the Citigroup Centre, Canada Square, Canary Wharf, London. Speakers from leading biometric companies and solution providers will present about use cases and discuss the possibilities of using biometrics for convenient and secure authentication. More than 14 financial institutions will participate, including Mastercard, Lloyds Banking Group, Tesco Bank, Vanquis Bank, Citibank, Visa, Financial Fraud Action UK, Allied Irish

Fonmoney deploys HooYu identity confirmation technology

Identity confirmation provider HooYu announced that its identity confirmation technology is helping online money transfer specialist Fonmoney to fast track its KYC (know your customer) procedures for welcoming and verifying new customers. HooYu is now being integrated into the Fonmoney site so that users can now quickly and easily be verified through HooYu’s unique combination of digital footprint analysis, ID document authentication, facial biometrics and identity scoring. Once the customer has passed the automated HooYu ID confirmation, they can send

Equiniti launches Daon-based mobile biometric authentication service

Equiniti Group PLC has partnered with Daon Inc. to launch Prequel, a mobile biometric authentication and identity lifecycle solution. By partnering with Daon, Equiniti has developed one of the only end-to-end digital onboarding services in the UK that is convenient, secure, and easy to use, Equiniti said in a press release. Using Daon’s IdentityX Platform, Prequel mobile app is able to facilitate multi-factor, multimodal mobile biometric authentication for the financial services industry. The mobile app also includes key identification and

World Economic Forum releases digital identity report

The World Economic Forum (WEF) recently released a report on the importance of digital identity for financial institutions. The report, entitled “Disruptive innovation in financial services: A blueprint for digital identity”, is intended as a guide for chief strategy officers at financial institutions, as well as policy makers, who are interested in the topic of identity and want to understand digital identity and their own potential role in the creation of robust digital identity systems. The report lays out, in

ABI Research predicts that chip card vendors will adopt new form factors

ABI Research has released new research that finds that the Chinese and U.S. EMV (Europay-Mastercard-Visa) payment cards markets are experiencing double-digit year-on-year growth, responsible for more than 50% of 2.8 billion EMV cards shipped worldwide. But as the migration phase for these market regions comes to a close, the industry will soon experience a ripple effect driven by a flattening market in China and a dip in U.S. shipments due to overstocking. ABI Research finds the proliferating negative discussions among

Integrated Biometrics sees growing global demand for fingerprint products

In an effort to keep up with growing global demand for reliable fingerprint biometrics products, Integrated Biometrics announced that it has published French and Spanish versions of its company website. “The demand for reliable fingerprint biometrics products continues to grow across the globe, which is driving our development of our multi-lingual website and outreach at industry events with strong international presence,” Integrated Biometrics Vice President David Gerulski said. Gerulski explained that interest from Spanish speaking countries and African nations with