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.
Bipartisan legislation newly introduced in U.S. Congress aims to “strengthen America’s digital identity infrastructure and protect individuals, businesses, and government…
The Spanish Red Cross has partnered with Billions Network, a decentralized proof of personhood (PoP) solution from Privado ID, to…
In conversations about the accuracy of biometric technologies, one acronym is almost certain to come up. Testing and benchmarking by…
The fraud problem endures, but advanced fraud prevention tools from the biometrics and digital ID sector can help stamp out…
Among sectors vulnerable to AI-assisted fraud attacks, the financial industry is perhaps the ripest. With high-stakes remote transactions occurring at…
The United Arab Emirates (UAE) is piloting a regional biometric payment system, using facial and palm recognition technology provided by…
Vietnam is moving rapidly to embed biometrics into its national digital identity framework, with multiple government initiatives reshaping how citizens…
Amazon has announced it will discontinue the use of its Amazon One palm biometric payment system across retail businesses. Amazon…
Malaysia’s banking sector is moving toward biometric-enabled digital identity, with 18 banks now participating in the second testing phase of…
Sometimes, you just have to tell yourself, “I’m good enough.” Then again, if you’re a digital identity security system, you’d…
