Financial Services

Financial service biometrics refers to biometric systems used to aid in the flow of money. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as mobile wallet applications and cash transfer systems.

Chinese card company Hengbao announced a partnership with IDEX Biometrics to introduce contact-based biometric smart cards across the Asian market,…

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Bahrain bank partners with Eazy Financial Services for biometric payment network

Bahrain-based Ithmaar Bank and Eazy Financial Services have partnered to launch a biometric payments network which the MENA Herald reports…

 

CallVu enables major credit card company to authenticate service calls with smartphone biometrics

A large international credit card company has chosen CallVu to enable its customers to use the biometric authentication capabilities of…

 

New EU regulations to increase number of transactions secured by biometrics

New EU regulations requiring strong multi-factor authentication for certain types of payments which will go into effect in September 2019…

 

Keesing reports FI interest in new customer onboarding technology

Identity verification provider Keesing Technologies reports that its Keesing AuthentiScan solution has been selected by several international financial institutions over…

 

Cross-channel fraud exploiting lack of centralized tracking approach, BioCatch says

Banks and online retailers need authentication technologies that can track users across multiple digital channels to fight the growth of…

 

Thailand moves toward digital ID system with face recognition for financial inclusivity

Thailand’s cabinet has given its approval in principle to a draft bill proposing an e-KYC digital ID system based on…

 

Biometric and data regulations block Apple Pay in India

Apple has scrapped plans to launch a platform on India’s Unified Payments Interface (UPI) platform, which would have enabled Apple…

 

Japanese Racing Association bets on Fujitsu palm vein biometrics

People placing bets with the Japanese Racing Association (JRA) will soon be able to place bets and collect payouts with…

 

All Russian banks to connect to Unified Biometric System by end of 2019

By the end of 2019, all Russian bank branches are required to submit customer data to the national Unified Biometric…

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