Mastercard has applied for a U.S. patent on ways to improve biometric identity resolution needed for mobile transactions. The transactions…
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.
Behavioral biometrics power anti-fraud tool from BioCatch, deal for Nice
Money mules, people who move money around for criminals, are the most critical part of the fraud and money laundering…
Creating a financially inclusive future with biometric smart cards
By Catharina Eklof, CCO of IDEX Biometrics There is still a wide financial divide across many demographics in society. People…
Sumsub and OneID bring document-free ID verification to UK via banks
Sumsub’s non-document identity verification platform is being launched in the company’s native UK. Following its introduction in Nigeria, Brazil, India…
TCS to build command center for Norway’s digital ID and payments infrastructure
Financial services customers in Norway are set to have a new user experience after BankID BankAxept, the country’s payments and…
Vietnam to require biometric authentication for some online money transfers to cut fraud
The State Bank of Vietnam (SBV) plans to introduce biometric authentication for major online money transfer operations as a way…
Increase in FinCEN fraud reports reveals growing urgency for digital identity
Digital identity could be key in the growing problem of identity related cases of fraud. The FinCEN Identity Project found…
$400M mobilized to support digital public infrastructure development in 100 countries
Global stakeholders have made a pledge to raise funds to the tune of $400 million as well as provide leadership…
Bitkub partners with Thailand’s NDID platform for crypto KYC
Bitkub Exchange, a digital assets trading firm, has partnered with the National Digital Identity (NDID) platform in Thailand for digital…
Tools for Humanity faces tough questions in Kenya Worldcoin inquiry
The standoff between Kenyan officials and crypto-ID firm Worldcoin continues, with both sides raising the stakes to defend their positions….
