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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.

 

Prove debuts passwordless digital ID authentication software and partners with Experian

Digital identity vendor Prove Identity has launched new passwordless login and omnichannel authentication software, Auth. The tool protects against fraud…

 

Growing Lumin signs on with behavioral biometric fraud preventer BioCatch

Banking fintech Lumin Digital is incorporating behavioral biometrics firm BioCatch‘s fraud-prevention software into its services platform. No value or terms…

 

Jumio updates KYX Platform with streamlined compliance

Jumio has updated its know-your-customer platform with several features deriving from its 4Stop acquisition, which the company completed in June….

 

Trulioo asks the market about ID verification, hears agreement on its need

New vendor-funded research indicates that consumers ae aware of the importance of digital ID verification and feel warmer toward companies…

 

Biometrics play starring role in ambitious plans for Mastercard and FIDO Alliance

A new specification for biometric payment cards has been met by Thales and G+D to the approval of Mastercard, which…

 

Ecobank Fintech Challenge shortlists Paycode among six digital payment startups

The fifth annual Ecobank Fintech Challenge has shortlisted six digital payment startups from across Africa, including Paycode, the South African…

 

Synthetic identity fraud to hit $5B in two years. Credit agency practices enabling crime

Could U.S. synthetic fraud losses in 2024 equal the valuation of five unicorns? That is what one digital ID verifier…

 

Fime updates biometric card personalization testing tool

Fime has updated its biometric card personalization validation (CPV) tool PersevalPro Issuer to meet the latest requirements defined by both…

 

Mastercard introduces crypto trading platform with biometrics for banks

Mastercard has unveiled the availability of its new platform of crypto trading tools for financial institutions. Crypto Source, the new…

 

250 credit unions signed up for Daon biometric onboarding through partner CU*Answers

Daon’s digital identity proofing and multi-factor authentication have been implemented by more than 250 credit unions in the network of…

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