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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.

 

Middle East bank launches PopID and Visa biometric payment service

Qatar commercial bank QNB Group has switched on its biometric payment services based on technology from U.S. face verifier PopID…

 

High-speed palm vein biometric retail payment solution launched

Ingenico has revealed a palm vein biometric payment solution in partnership with Fujitsu Frontech North America, through its subsidiary Fulcrum…

 

Facial recognition gates by JR West to launch at Osaka train station in March

West Japan Railway (JR West) announced it would deploy face biometrics gates at two train stations in Osaka, reports The…

 

Digital ID experts to tackle fraud, deepfakes in high demand: OCR Labs report

Nine out of ten fintechs are planning to recruit additional digital ID experts to help tackle fraud as they expect…

 

PopID expands with biometric POS kiosk integration; market growing too

New research is out showing that the global market for payments by face well into double digits between now and…

 

Island hopping — How cyber criminals are capitalizing on poorly defended partners

By Tom Ammirati, Chief Revenue Officer, PlainID In the modern technology landscape, large organizations and enterprises may have advanced cyber…

 

NADRA creates alternative to biometrics for elderly people with faded fingerprints

Pakistan’s National Database and Registration Authority (NADRA) is establishing a new identity verification service for elderly individuals whose fingerprints have…

 

India introduces face, iris biometrics system to reduce bank fraud

Large private and public banks in India have been given the green light to conduct face and iris biometric checks…

 

Biometrics growing now in airports, soon in payments and age estimation

Near-future biometric payments, and government digital identity initiatives in the UK and Congo make up several of the most widely-read…

 

Selfie biometrics deployed for KYC, hotel check-ins and Microsoft Teams

YooniK joined forces with Host Hotel Systems to bring biometrics to the hospitality sector and iDenfy with Primo Dialler to…

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