EU, US central banks see national digital currencies only if privacy balanced by security
The digital identity and privacy communities got some confirmation about the near future that they do not often get —…
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.
One-click KYC, digital ID solutions introduced by Yoti, Sumsub
Yoti is introducing a new one-click digital identity verification solution in collaboration with financial KYC (know-your-customer) provider Department of Trust,…
Advance.AI integrates Visa credit-scoring service to onboard SE Asia’s unbanked
Singapore-based AI and digital identity verification provider Advance.AI has integrated credit scoring capabilities from Visa to help it address unbanked…
Optus hack spurs interest in digital identity within Australian government, banks
Demand for digital ID in Australia appears to have been boosted by the recent data breach from Optus, which resulted…
Consumer trust in banks is mixed. Behavioral biometrics can help, face less so
A trio of surveys from Experian, Mitek and Thales indicate that deploying biometrics can help banks improve consumers’ trust in…
Korea expands airport check-ins with palm vein biometrics, enrollment to bank branches
The South Korea Financial Telecommunications and Clearings Institute (KFTC) has entered a business agreement with nine financial corporations and the…
New solution and partnerships unveiled amid flurry of selfie biometrics and KYC activity
Romania-based Qoobiss has launched an anti-money laundering solution for businesses in the financial sector based on the company’s selfie biometric,…
CyberLink integrates face biometrics in CAC payment system
Facial recognition expert CyberLink has entered a new collaboration with independent software company CAC. The move saw the integration of…
Behavioral analytics from NeuroID integrated by TransUnion to stop fraud and false positives
TransUnion has integrated behavioral analytics from NeuroID to help businesses fight fraud and reduce false positives in fraud detection. The…
Pakistan arrests suspects over digital ID fraud in floods cash relief program
There are already reports of fraud related to the distribution of relief funds to victims of recent flooding in Pakistan…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection