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.

Amazon is bringing its palm biometric payment system to Whole Foods stores, according to a report by CNBC. Amazon One was…

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Philippines biometric national ID project advances with 28M Phase One registrants

Up to 28 million Filipinos participated in the first phase of registration for the Philippine Identification System (PhilSys) which seeks…

 

Fabrick’s IDCM mobile biometric authentication solution secures remote transactions for Crédit du Nord

Open Banking Ecosystem Fabrick and retail banking group Crédit du Nord have jointly launched a new biometric authentication app for…

 

BioCatch updates behavioral biometrics platform with proactive risk notifications

The global market for behavioral biometrics will grow at a spectacular 21.3 percent compound annual growth rate from 2021 to…

 

Juniper predicts 1.4 billion software-based face biometric payments users by 2025

A market report by Juniper Research predicts an expansion of the use of software-based face biometrics to secure payment authentication,…

 

Persistent fraud threats drive consumer biometrics for payments and mobile credentials

A biometric spoof attack and new fraud report this week both indicate the challenge of ensuring financial transactions are legitimate,…

 

Biometrics and strong authentication for financial services explored in FIDO event

Consumers have begun to understand the benefit of biometrics and stronger authentication, Javelin Strategy and Research analyst John Buzzard told…

 

Goode forecasts biometrics on 1 in 5 payment cards by 2026, Idex and Zwipe partnerships paying off

Technology challenges and the pandemic have combined to push the biometric payment card market back by two to three years,…

 

PopID brings face biometrics to automated restaurants for fast, contactless payments

Automated pizzeria-maker Piestro has partnered with PopID for an easier, safer and faster face biometrics-based payment solution for artisanal pizza lovers….

 

Financial services firms to feds: You could complete us (with digital ID)

The financial services industry wants the federal government to do something — almost anything — to give consumers confidence in…

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