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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.

 

Toss gets lift from biometric retail payments, plans 2026 US IPO

Retail payments with face biometrics are growing in South Korea, and could help lift one of the country’s leading providers…

 

Seon rolls out identity verification that combines core KYC, fraud intelligence

Seon, the anti-fraud and AML compliance provider based in Austin, Texas, has announced the launch of a new identity verification…

 

Identity and risk infrastructure startup secures $12M for Europe, LATAM expansion

Monnai, which provides identity and risk data infrastructure, has announced a 12 million dollar equity funding round led by Motive…

 

Bahrain financial services deploy biometric KYC and IDV with new eKey for business

Bahraini financial service companies are integrating Bahrain’s national biometric digital identity and Know Your Customer (KYC) service for businesses, EKEY-B,…

 

SmartSearch completes acquisition of Credas to boost compliance capabilities

UK AML compliance firm SmartSearch has completed its acquisition of Cardiff-based legal and property sector identity verification provider Credas Technologies…

 

With Gemini integration, Walmart joins effort to ‘infuse AI into every bit of shopping’

It was a matter of time before the large language model (LLM) chatbots we have come to call “AI” became…

 

India mandates biometric selfie and geo-tracking in crypto KYC overhaul

India is host to a number of developments, as it updates regulations on crypto exchanges. Meanwhile, AI-powered fraud detection in…

 

JP Morgan bullish on future of biometric payment adoption

JP Morgan is planning for a future with more biometric payments as its analysts say the technology has already become…

 

One year in, Brazil’s online gambling regulations provide model for region

One of the defining features of the 2020s so far is the explosion of legal sports betting. For years, gambling…

 

Hopae continues European expansion with Datai KYC modernization deal

Digital identity infrastructure company Hopae has landed a new deal as part of its strategic expansion to Europe. The South…

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