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.

Biometric payment processing platform PayByFace has named Sreejit Ankarath, head of the Consulting, Transformation and Global Alliances with Tech Mahindra, as…

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In today’s rapidly changing economy, businesses need to get consumer recognition right

This is a guest post by David Britton, VP Industry Solutions at Experian. While the coronavirus has caused major public…

 

Biometric video eKYC launched for securities account onboarding by CDSL Ventures

CDSL Ventures can perform eKYC authentication using the biometrics-backed Aadhaar digital identity system after it received approval from the Unique…

 

Biometrics adoption for touchless payments and pandemic recovery grows despite critical voices

Biometric payments and facial recognition joined pandemic recovery among the common threads in the week’s top biometrics news. Digital health…

 

Google adds biometric credit card authentication, touch-to-fill support for Android

Google has introduced biometric support for credit card data in Chrome Autofill on Android devices and a touch-based password auto…

 

Biometrics and tokenization: the dynamic duo against bank fraud

This is a guest post by Greynier Fuentes, VP Digital Solutions at VeriTran. There is an increasing trend over the…

 

Biometric electronic signatures for digital ID verification introduced in India, South Africa

Financial services company IDSign has released a biometric mobile platform for digital ID age verification and signing, writes CNBC TV…

 

Onfido and SingPass facial biometrics adopted for KYC checks, Wibmo launches service and iComply listed

Onfido’s identity document and biometric selfie technology is being adopted by UK fintech Curve to speed up, simplify and unify…

 

Biometric eKYC checks increase for Thai bank accounts, Malaysian SIM registration

Five banks in Thailand are using biometric facial recognition to meet KYC regulation requirements when opening new customer accounts, the…

 

Zwipe partners with major PVC materials supplier to support scalable biometric payment card manufacturing

In the race to commercialize biometric fingerprint payment cards, Zwipe has formed a partnership to offer a combination of technology and…

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