Thailand is progressing rapidly with enrollment into its blockchain-based biometric digital identity infrastructure operated by the National Digital ID Company…
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.
Banks hit with biometric fraud, fake mobile driver’s licenses
As long as the quest for secure digital identity persists, so, too, will attempts to game the system. From aggravated…
Selfie biometrics for KYC expanding in Pakistan, Thailand, and Colombia
Aware is now providing biometric authentication to one of the leading banks in Pakistan through a partnership with mobile data…
Not all fintechs are looking for a hiding place. Plaid and Stripe see opportunities
Fintechs, the firms that have embedded themselves so deeply in world economies, are consolidating and the result will be fintechs…
UK and Irish KYB shops breaking into US market
In one of the safer industry predictions, an Indian consulting company has said the market for regulation-related software is going…
Shufti Pro appoints Dubai team leaders, signs up 3 fintechs for identity verification
Shufti Pro has signed up a trio of customers in different areas of fintech for its biometric identity verification to…
Lloyds Banking Group invests £10M in Yoti for new digital ID for all to launch this year
London-based digital identity provider Yoti is getting a £10 million (US$11.9 million) investment from Lloyds Banking Group to support new…
Telecoms in Belgium and Kuwait adopt biometric identity verification
Onfido and Accura Scan have each signed up telecom providers to use their selfie biometrics for identity verification. New tools…
Aadhaar transaction number jump; deadline nears to link financial accounts
Almost 2 billion Aadhaar authentications were recorded last month, according to the Indian government. In all, 90.3 billion transactions have…
Fintech fraud and compliance concerns lift selfie biometrics, ID verification providers
Growth in both the fintech sector and digital fraud rates are providing tail-winds for selfie biometrics and identity verification providers….
