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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.

The U.S. Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) have jointly announced a new initiative…

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Selfie biometrics launched for DeFi by Idemia and Haventec, open banking by HooYu

A decentralized blockchain ecosystem for decentralized finance, secured with facial authentication for biometric identity verification, is being launched by Australian…

 

Ondato enhances capabilities for greater KYC, AML compliance

Businesses using Ondato’s KYC compliance management solution will now find it easier to avoid falling into the trap of KYC…

 

Brazilian facial recognition payment startup joins Mastercard accelerator program

Payface, an up and coming facial recognition payment firm in Brazil has been selected among eight other companies for the…

 

DigiDoe raises $1M for cardless, no-phone biometric payments

London-based biometric payments startup DigiDoe has recently announced an £850,000 (roughly $1.15 million) investment led by Joint Journey. The company…

 

TendedBar to expand automated drinks and biometric payment service with $5M fundraise

TendedBar, which is partnered up with Trueface to provide biometric payments, has raised $5 million in a Series A funding round…

 

Spanish bank signs up for FacePhi selfie biometrics to simplify loan access

FacePhi has provided its ID document and selfie biometric checks for onboarding to numerous Spanish customers, and for financial services companies…

 

Biometric payment card market forecast for 155 percent CAGR through 2026

If 2021 was the year for technological developments for biometric payment cards, it is becoming clearer how big the iceberg…

 

Cognito selected for digital identity verification by corporate compliance platform

Code-less identity verification expert Cognito has been selected by corporate compliance platform Meow for its online digital identity verification solution….

 

Zwipe plans biometric payment card launches in two regions, signs manufacturing deal in a third

Zwipe has reached new deals with partners in Mexico, Lebanon and India to manufacture and pilot biometric payment cards, the company…

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