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.

State watchdog the Korea Financial Telecommunications and Clearings Institute (KFTC) has introduced a new biometric authentication model to protect online…

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Zwipe signs up major Italian manufacturer for biometric payment cards

Italy’s largest smart card manufacturer is the latest biometric payment card partner for Zwipe as it brings its Zwipe Pay ONE…

 

Mobey Forum talks high need for digital identity schemes, analyzes contact tracing apps

The COVID-19 global health crisis has led to an increasing need for digital identity schemes, an opportunity banks should take…

 

Zwipe biometric payment card partnership in Brazil reaches manufacturing

Zwipe and Brazilian smart card manufacturer Thomas Greg and Sons do Brasil (TGS) have extended their partnership to start manufacturing…

 

Hyosung upgrades ATMs with Fujitsu’s palm vein biometric technology for high security

Hyosung has integrated its self-service ATMs with Fujitsu palm vein biometric authentication technology to increase security, the company announced. A…

 

Biometrics emerges as key mobile payments trend, Huawei launches digital wallet for retail POS sales in Thailand

Mobile POS systems will be used by 23 percent of people globally by 2024, with biometrics among significant new trends…

 

First commercial biometric payment cards issued in France to be powered by Thales and Fingerprint Cards

BNP Paribas is expected to launch a new biometric bank card this fall in significant numbers, according to Le Parisien,…

 

BioCatch reports database of over 150 million anonymous behavioral biometric profiles

Following roll-out at more than 40 global banks and financial institutions, BioCatch privacy-protected digital behavioral biometric profiles now include over…

 

Daon biometric authentication for 160 credit unions across U.S. extended by three years

CU*Answers, the cooperative Credit Union Service Organization (CUSO), has expanded a partnership with Daon to provide over 160 credit unions…

 

deVere and Wise AI launch selfie biometrics and ID check solutions to hot eKYC market

Independent financial advisory and tech wealth organization deVere is launching an onboarding verification app based on a biometric selfie and document…

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