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.

Consumers in the U.S. and UK are willing to risk using applications that collect their personal data if they see…

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G+D Mobile Security taps Zwipe to develop wearable biometric payment device

Zwipe is collaborating with Giesecke + Devrient (G+D) Mobile Security to develop a wearable biometric payment device. Zwipe is providing…

 

TSYS releases biometric authentication platform to hamper synthetic ID fraud, account takeover

Payment solutions company TSYS has announced a new authentication platform to prevent synthetic ID fraud and account takeover. TSYS Authentication…

 

Seven Bank and NEC work on facial recognition, QR code-enabled ATMs

Japanese bank Seven Bank and NEC Corporation have partnered up to launch ATMs enabled with facial recognition technology for identity…

 

India Post rolls out Aadhaar biometric interbank services to boost financial inclusion

India Post Payments Bank (IPPB) is rolling out Aadhar Enabled Payment Services (AePS) to enable customers to use biometric authentication…

 

Exness to fight fraud and ensure AML compliance with Sumsub biometrics

AI-based AML/KYC provider company Sumsub has signed a strategic partnership with trading company Exness to improve fraud protection and global…

 

No passwords or keys for ZenGo crypto wallet with FaceTec biometrics

Cryptocurrency wallet ZenGo has been generating buzz in the fintech field recently with a security challenge and involvement in the…

 

Featurespace behavioral biometrics to secure HSBC against money laundering

UK-based risk prevention technology provider Featurespace has secured a fraud prevention deal with global bank HSBC, the company announced. The…

 

Credit union adopts Fiserv biometrics for authentication and access control

Merck Sharp & Dohme federal credit union, one of the largest in Pennsylvania, has adopted three Verifast biometric authentication solutions…

 

Biometric options expanding as KYC compliance cost reaches €50M a year

Digitizing identity verification with biometrics and other technologies could save a typical bank €10 million (US$11 million) a year according…

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