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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.

Microsoft’s marketing department is crowing about a five-year partnership with the National Australia Bank to share the investment in, design…

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Dozens more face biometrics turnstiles for Moscow transit, backed by tepid survey

Moscow is expanding its Face Pay biometric public transportation program because it is very popular, according to a city official….

 

Report proposes digital ID changes for financial inclusion of forcibly displaced persons

A report produced by the Alliance for Financial Inclusion (AFI) on the state of financial inclusion in three African countries…

 

Reltime raises $50M to bring Web3 biometric card with cold storage to market

Norway-based fintech Reltime has picked up a $50 million to scale its global Layer 1 Proof of Authority Web3 financial…

 

Strong demand for selfie biometrics in financial services prompts Acuant partnership

Demand for selfie biometrics and related onboarding technologies continues to be strong in financial services, with Acuant inking a deal…

 

Socure partners to launch new comprehensive KYB service to lower costs, fraud rates

An integration partnership between Socure and Middesk has been formed to deliver know your business checks streamlined by the former’s…

 

Identity for finance: verification sector to reach $9.1B by 2024, new tech and hires

While economic pressures may be impacting the financial sector, the identify verifiers, KYC and AML providers serving it are forecast…

 

Somehow unsure your gov’t agency needs ID verification? New tool might convince you

An obscure financial management program for U.S. federal agencies has created a digital tool to convince government officials to use…

 

Nigeria issues 700K biometric bank verification numbers between April and July

Figures attributed to the Nigeria Inter-Bank Settlement System (NIBSS) of the Central Bank of Nigeria (CBN) indicate that a total…

 

Biometric technology plays increasing role in fraud prevention for crypto and decentralized finance

By David Britton, Vice President of Strategy for Global Identity & Fraud at Experian The recent flurry of news regarding…

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