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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.

 

Payment system platform gains support of Australia’s major banks for national digital ID

Eftpos’ ConnectID has received support from Australia’s ‘big four’ banks: ANZ, CBA, NAB and Westpac. The news comes from Australian…

 

Ondato launches virtual branch service with face biometrics for KYC

Know-your-customer (KYC) compliance management provider Ondato has launched a virtual branch service solution that enables banks to provide customers with…

 

Digital transformation spurs new ID services provider in Thailand, development in Indonesia

Digital transformation ambitions are driving a series of digital identity developments in Asia, with Thai mobile network AIS announcing this…

 

Biometric payments win for convenience and security, privacy concerns remain: Mastercard

New research published by Mastercard on Thursday as part of its second annual New Payments Index (NPI) sheds light on…

 

Mastercard follows Visa, approves Zwipe Pay platform for biometric cards

Norway-based Zwipe’s biometric payment card platform has passed a raft of Mastercard tests to win a key certification from the…

 

Sumsub promotes expansion of digital ID services with US office, popular YouTube account

London-based identity verification platform and regtech specialist Sumsub has opened its first U.S. office in Miami, Florida. The company made…

 

Ondato partners for modular, biometric compliance solutions with transaction monitoring

Anti-money laundering transaction monitoring provider Hawk AI entered a new partnership with know-your-customer (KYC) compliance management platform Ondato. The new…

 

Chekk pulls in another investor to expand ID verification, KYC reach

Chekk says Standard Chartered Bank has added to the digital identity and KYC firm’s apparently still-open multimillion-dollar financing round, which…

 

Bank Pocztowy deploys digital ID, expands biometric payment cards rollout

Bank Pocztowy has signed an agreement with digitalization company Usługi Cyfrowe (a subsidiary of Poland’s national postal service Poczta Polska),…

 

Philippines toolkit will allow digitization, ID verification across local, national govt

UBX, an open finance subsidiary of Union Bank of the Philippines (UnionBank), has launched UrGovPH, a suite of open finance…

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