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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.

 

PopID announces big customer deployment for face biometric payments in UAE

United States-based biometric solution provider PopID has announced a new integration partner and customer win in the United Arab Emirates…

 

Zimbabwe telco to introduce digital KYC amid rising cyber fraud concerns

High levels of cyber fraud are pushing businesses in Africa, including telcos and those in the fintech space, to implement…

 

Biometric cards rolling out for neobank and crypto platforms

A biometric smart card for cryptocurrency management has been launched by Vaultavo. Meanwhile, Zwipe has signed up a neobank customer…

 

Sumsub says digital ID can speed up onboarding in emerging markets

The use of digital ID technologies, alongside government databases, can substantially speed up the identity verification process in emerging countries….

 

Application of biometric face identification technologies in financial institutions

By T. R. Abdullin, T. V. Shipunov, M. N. Zakirov, R. L. Zainulin, A. A. Shnyrev, and A. A.Bunyatyan of…

 

Startup wants every camera to be a biometric authenticator

A $3 million seed round is going to a biometric ID and payments firm close on the heels of a…

 

Scottish schools’ canteen facial recognition ‘likely infringed’ GDPR: ICO

A letter from the Information Commissioner’s Office (ICO), the UK data protection authority, has told North Ayrshire Council (NAC) that…

 

Focus on bank’s role in digital wallets gets sharper

It is the second month of 2023, and seemingly everyone wants in on what could be the awakening of banks…

 

Password inertia keeping consumers from easier payment authentication

Two separate reports have highlighted new trends regarding the adoption of novel payment authentication methods. The first one, resulting from…

 

Fintechs sign up for biometric customer onboarding from Ondato, Onfido, ID-Pal

Identity verification and selfie biometrics providers Ondato, Onfido and ID-Pal have announced new fintech customers. Lithuanian know-your-customer (KYC) solution provider…

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