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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.

 

AI-generated fraud accelerates push for cryptographic organizational identity

Governments and industries are digitizing paper-based processes, but one core problem remains unresolved: how to reliably verify digital documents at…

 

Identity verification becomes core compliance infrastructure across regulated sectors

Identity verification is increasingly becoming embedded operational infrastructure across regulated industries as tighter AML, KYC and fraud-prevention requirements push organizations…

 

Identy pushes on-device biometrics to combat Nigeria’s banking fraud surge

Nigeria’s banking sector is increasingly turning toward biometric authentication as financial institutions face persistent fraud, SIM swap attacks and account…

 

Five ID raises $6M to scale palm biometric payments

Five ID has raised an additional $6 million to accelerate the launch of its palm biometrics payment system, which is…

 

Hong Kong, UAE push digital business identity infrastructure

Digital identities for businesses are arriving across the world, with Hong Kong and the United Arab Emirates (UAE) seeing their…

 

From identity to intent: Reimagining biometrics for real-time fraud prevention

By Lenny Gusel, Head of Fraud Solutions (North America), Feedzai As instant payments and open banking accelerate transaction speed and…

 

Non-stop agentic AI action has teams assembling to face the threat

Agents: you can’t live with ‘em, you can’t live without ‘em. So it seems in today’s tech world, which is…

 

MainMoney palm biometrics platform to support DRC’s financial inclusion drive

The Democratic Republic of Congo (DRC) is looking to strengthen its financial inclusion push with MainMoney, a digital payment platform…

 

City of London seeks digital ID orchestrator as reusable identity push accelerates

The City of London is calling on tech companies to build a reusable digital identity verification service for the financial…

 

Bank of Ghana governor backs biometric digital ID for financial trust

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has asserted that robust biometric digital ID systems are…

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