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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.

Rostec State Corporation’s holding company Roselectronics will start the development and production of biometric systems for ground public transport in…

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Philippines seeks financial inclusion, digital ID expected to reach 50M this year

Filipino authorities have projected that up to 50 million citizens will be registered for the biometrics-embedded PhilID card by the…

 

FacePhi, Veritran launch biometric KYC tools into expanding identity verification market

The identity verification market is set to more than double over the next four years, according to a new report…

 

Worldcoin iris biometrics cryptocurrency project launched by Sam Altman

Tech millionaire Sam Altman’s Worldcoin start-up has emerged from stealth mode, offering free cryptocurrency to individuals who verify their accounts…

 

Biometric verification for currency buyers in Pakistan begins despite calls for delays

The National Database and Registration Authority of Pakistan (NADRA) has activated the system to enable the biometric verification of all…

 

Online digital ID verification stays hot, survey shows 10 minute onboarding window

It is an eventful week for digital ID solutions in the financial sector, with Onfido publishing a new report, Shufti…

 

New VisionLabs POS terminal provides both face biometric and card payments

A new payment terminal from VisionLabs will be the first on the market to provide point-of-sale payments either through traditional credit…

 

Liquid Avatar subsidiary wins metaverse exclusive

Linking one’s real life identity to a virtual world identity is proceeding at pace as Oasis Digital Studios, a wholly…

 

Zwipe signs LATAM biometric payment cards partner, North American demand high

Zwipe has signed a deal with Chile-based fintech IC Payment to bring biometric payment cards to the Latin American and Caribbean…

 

Equifax biometric cloud digital identity service joins online trust struggle

Equifax is joining the digital-identity-as-a-service market with a new biometric offering, and has unveiled a partnership with Bonifii to carry out…

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