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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.

 

Looking back at spring digital ID challenge, FDIC and FinCEN find familiar shortcomings

The U.S government has released its analysis of a digital ID-proofing challenge held this spring. As befits a global and…

 

NADRA pairs with 1Link to introduce digital payments platform for financial inclusion

Pakistan’s National Database and Registration Authority (NADRA) has concluded a partnership agreement with digital payments solution provider 1Link to enable…

 

Biometric bank service access grows with Indonesian deal, Seamfix platform expansion

New ways to access banking services through biometrics are becoming available to many millions of people, as Bukalapak has joined…

 

Norway BankID to go biometric, international with OneSpan integrations

Norway’s highly successful BankID system is becoming a de facto digital ID. Its new app replaces the mobile web interface….

 

Idex Biometrics and European semiconductor leader partner to produce smart cards

Idex Biometrics has reached an agreement with what the company describes as one of the largest semiconductor providers in Europe…

 

Socure increases security, automation of KYC solution

Socure’s KYC solution has been upgraded with greater security and transparency such as the addition of full access to the…

 

VerifyMe Nigeria begins international expansion, rolls out digital ID orchestration platform

Lagos-based digital ID verification company VerifyMe Nigeria has developed an API infrastructure and data services platform dubbed QoreID for businesses…

 

Fingerprint Cards signs up Middle East partner to commercialize biometric payment cards

Fingerprint Cards has struck a partnership with Technical Equipment Supplies Company (Tesco) to promote the adoption of contactless biometric payment…

 

Experts say better understanding of regulatory environment vital for KYC compliance

Four fintech experts drawn from Nigeria and Ghana are unanimous that meeting know your customer (KYC) compliance exigencies requires a…

 

Alloy raises $52M in further Series C following digital ID partnerships

Know-your-customer (KYC) firm Alloy raised $52 million as a part of its Series C funding led by Lightspeed Venture Partners…

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