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.

Synthetic identity fraud (SIF) is not only the fastest growing type of financial fraud in the U.S., it is one…

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Yoti biometrics and SafeCharge validation deployed for online gaming in impatient customer market

Two more deployments in the digital ID market have been announced, one with biometric technology and one not, just as…

 

Barclays and Hitachi release updated biometric finger vein scanner

Barclays and Hitachi have released an improved version of the Barclays Biometric Reader (BBR), a finger vein scanner that allows…

 

Southeast Asian market sees growing interest in biometric payments and authentication

Almost half of consumers in Myanmar would use biometrics for payments and authentication, according to Visa’s most recent Consumer Payment…

 

Facial recognition systems for retail payment launched in Spain, trialed in Australia, company acquired

Australian fintech company RoyalPay is planning to bring facial recognition payments into the country’s mainstream commercial sector, The Sydney Morning…

 

Temenos integrates HID risk-based authentication solution and behavioral biometrics

HID Global has started a collaboration with banking software company Temenos to supply it with its risk-based user authentication solution…

 

FacePhi continues LATAM expansion with Panama bank biometric onboarding contract

Banesco Panama is the latest financial institution to select biometric facial recognition technology from FacePhi to secure its digital onboarding…

 

Financial Action Task Force examines biometrics in draft guidance on digital ID

The Financial Action Task Force (FATF) has issued a draft Guidance Paper on digital identity, setting out a risk-based approach…

 

Iran looks into biometric payments to reduce card transactions

Iran is looking into a step-by-step integration of biometric payments and QR codes for better verification and to cut down…

 

Iovation releases financial services fraud report and new payments industry group launched at Money20/20

Risky transactions on mobile devices have more than doubled since 2017, and half of fraud now comes through the mobile…

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