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.

Open Banking Ecosystem Fabrick and retail banking group Crédit du Nord have jointly launched a new biometric authentication app for…

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BioCatch updates behavioral biometrics platform with proactive risk notifications

The global market for behavioral biometrics will grow at a spectacular 21.3 percent compound annual growth rate from 2021 to…

 

Juniper predicts 1.4 billion software-based face biometric payments users by 2025

A market report by Juniper Research predicts an expansion of the use of software-based face biometrics to secure payment authentication,…

 

Persistent fraud threats drive consumer biometrics for payments and mobile credentials

A biometric spoof attack and new fraud report this week both indicate the challenge of ensuring financial transactions are legitimate,…

 

Biometrics and strong authentication for financial services explored in FIDO event

Consumers have begun to understand the benefit of biometrics and stronger authentication, Javelin Strategy and Research analyst John Buzzard told…

 

Goode forecasts biometrics on 1 in 5 payment cards by 2026, Idex and Zwipe partnerships paying off

Technology challenges and the pandemic have combined to push the biometric payment card market back by two to three years,…

 

PopID brings face biometrics to automated restaurants for fast, contactless payments

Automated pizzeria-maker Piestro has partnered with PopID for an easier, safer and faster face biometrics-based payment solution for artisanal pizza lovers….

 

Financial services firms to feds: You could complete us (with digital ID)

The financial services industry wants the federal government to do something — almost anything — to give consumers confidence in…

 

Can increasing consumer interest in biometrics stem $43B lost to digital identity fraud in 2020?

  The 2021 edition of the Identity Fraud Study was released by Javelin Strategy & Research, revealing $56 billion of…

 

ID R&D face biometrics and passive liveness support ambitious Latin American payments startup

Payface is bringing payment with face biometrics to retailers in Latin America through the integration of any Android device with…

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