FinCEN digital credential guidance leaves banks responsible for identity assurance
An article from Anderson Insights highlights an important distinction in digital identity: a digital credential is not simply an image…
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.
Ghana engages over 10 African countries on digital payments interoperability
Ghana is in talks with more than 10 African countries about connecting digital payment systems, building on cross-border interoperability pilots…
PAX gives retailers control over face and palm biometric checkout
Wink integration lets merchants customize biometric enrollment and payment screens across PAX terminals PAX Technology is integrating Wink’s face and…
Italian bank loses $108M to AI messaging fraud, as identifAI warns of deepfake threat
Deepfake financial fraud arguably has its defining crime: the 2024 case in which an employee of Hong Kong firm Arup…
Dutch coalition launches MyCheck digital identity wallet in push for sovereignty
A Dutch coalition has developed a digital identity wallet that is both eIDAS 2.0 compliant and a strategic move for…
Bangladesh plans unified digital business ID to cut startup time to 14 days
Bangladesh wants to establish a unified digital identity framework for businesses as it aims to reduce the time needed to…
Trulioo, Fiserv partner to streamline global identity and business verification
Trulioo is partnering with Fiserv to support identity and business verification for merchant onboarding and underwriting across international markets. Fiserv…
OCR Studio, FinOn explore linking identity checks with payment authentication
OCR Studio and FinOn are considering a combined workflow to connect customer onboarding with authentication for online card payments. OCR…
Gabon updates digital payment laws to support regional interoperability
Gabon’s cabinet approved a bill on October 8 to update the country’s digital payments framework as efforts to strengthen its…
UK Finance prepares for AI agents, wants clarity on digital verification
As a recent op-ed in the Financial Times observed, Britain has turned digital ID into a growth industry. While plans…
