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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.

 

Biometric technology plays increasing role in fraud prevention for crypto and decentralized finance

By David Britton, Vice President of Strategy for Global Identity & Fraud at Experian The recent flurry of news regarding…

 

Financial companies get MFA, right? Right?

If there is an industry most people would think is on top of things related to identity authentication, it probably…

 

Smartmetric CEO claims progress towards American biometric payment card launch

A battery-powered biometric payment card designed for the U.S. market is approaching readiness from Smartmetric, and takes a different approach…

 

Ariadnext to provide KYC checks, biometric ID verification for fintechs through new partner

Ariadnext has partnered with fintech infrastructure provider FintechOS to offer digital ID verification and biometric services to the latter’s clients…

 

Juniper forecasts online payment fraud jump despite widespread digital identity verification

The high levels of fraud that have plagued online payment systems are not about to let up. Far from it,…

 

SoftBank-owned JCV offers SenseTime face biometrics for payments to Visa, Mastercard

SoftBank-owned firm Japan Computer Vision Corp (JCV) is offering its face biometric technologies for authenticating payment, backed by SenseTime, to…

 

World Bank says spike in remote payments helped financial inclusion, urges digital ID investment

Digital payments and account ownership are up and the gender gap in accounts has shrunk, according to the World Bank’s…

 

iProov, CyberLink, Shufti Pro each chosen for biometric verification of remote transactions

Biometric solution providers have unveiled a series of new customer sign-ups, all focused on user verification for either cryptocurrency, gaming…

 

Russian pols OK bill to make banks share client biometrics with government

A bill that requires banks to share clients’ biometric data with the state has been adopted by lawmakers of Russia’s…

 

Veriff deploys biometric tool to tackle ‘buy now, pay later’ fraud

Veriff will offer its biometric identity verification (IDV) services to Twisto, a buy now, pay later (BNPL) business. The partnership…

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