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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.

 

Identity in digital payment schemes: city, state, nation or – for India – the globe

Digital identity and broader digital ecosystems and government stacks are emerging to serve various functions at the local and national…

 

Government databases could replace document-based ID verification: Sumsub CTO

Government databases and centralized solutions may one day replace document-based verification, Vyacheslav Zholudev, Sumsub’s chief technology officer and co-founder told…

 

Onfido research shows ID documents’ targeted as Experian certified, OCR Labs partners

Identity documents are the weak link in ID verification, and being attacked accordingly, Onfido has found in its latest research….

 

Alternative digital payment methods explored in Asia; tattoos and palm biometrics

Alternative digital payment methods, biometric and otherwise, are being explored in Asia which are sure to invite some controversy. An…

 

ID fraud rises worldwide but biometrics helps KYC

Several companies in the know-your-customer (KYC) and anti-money laundering (AML) spaces have recently shared new insights into the industry. The…

 

Authorized fraud, myth or reality?

By Namrata Jolly, General Manager for Asia Pacific, Callsign Around the globe, we are seeing the rise of a new…

 

Veridas can now verify all US biometric ID documents, helps identify Spanish minors

ID solution provider Veridas has announced two different milestones concerning the adoption of its document verification and biometrics solutions. Writing…

 

Moscow court rules in favor of Smart Engines in Citibank ID scanning software row

The Arbitrazh Court of Moscow ruled in favor of Smart Engines in a lawsuit that saw the local Citibank subsidiary…

 

Idex moves closer to biometric payment card issuance on 3 continents in 2023

Accomplish Financial, which provides payment solutions to fintechs and banks in the UK, Europe and North America, has been revealed…

 

Biometric point-of-sales vendor gets patent for fingerprint retail payment system

A U.S. patent has been awarded to a company making fingerprint scanners that can be used to biometrically confirm a…

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