Study finds AI fraud losses decline, but the risks are growing
While identity fraud losses have stabilized and scam losses have declined, new account fraud has surged, fueled in part by…
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.
Fime launches agentic commerce trust layer service
Businesses are racing to establish a way to trust AI agents with financial transactions. Fime has introduced a framework it…
Mitek, Synectics partner on IDV, fraud intelligence integration for insurers
Mitek and Synectics Solutions have formed a new partnership to help UK insurers identify fraud earlier in digital insurance applications…
KYC bypass tools sold on Telegram to defeat biometric checks
Illegal hacking services designed to bypass Know Your Customer (KYC) facial biometric scans are being sold on Telegram channels to…
Nearly 40% of Gen Z report fraud losses as scams shift online: TransUnion
Gen Z is increasingly being targeted by online scammers: Nearly 40 percent of Gen Z consumers reported losing money to…
UK social engineering scams jump 62% as fraud tactics shift: BioCatch
While the United States is battling with credit card fraud and identity theft, UK consumers are being targeted by increased…
Kazakhstan adopts palm‑vein biometrics for banking in national deployment
Palm biometrics is getting a big boost in Central Asia as one of the world’s largest countries sees major implementation…
Ireland wants to make its welfare card more like a national ID
Ireland’s government wants to enable citizens to use Public Services Cards (PSC), currently distributed by the Department of Social Protection…
Cryptographic proof, biometric authentication solve KYC, white paper argues
Biometric authentication and verifiable digital credentials can provide the cryptographic foundation for fraud prevention and regulatory compliance financial institutions need,…
Mastercard in talks for digital financial inclusion project in Ethiopia
Officials of Ethiopia’s government-owned telecommunications company, Ethio telecom, recently held talks with a delegation from Mastercard on ways of reinvigorating…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection