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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.

 

Sun, sand and digital dollars: PopID brings face biometrics to Bahamas CBDC

PopID is bringing its PopPay face biometric verification platform to a central bank digital currency (CBDC) for the first time….

 

Fintech company Plaid moves into biometric ID verification, KYC and AML checks

Plaid, a fintech company and app that connects users to their financial accounts, is adding a biometric identity verification solution…

 

Sumsub biometrics and KYC services boost payment platform’s approval rate to 78 percent

London-based payments platform Mercuryo is reporting dramatic gains in its customer onboarding process by leveraging Sumsub’s biometrics and Know Your…

 

Mastercard launches retail biometrics program with Brazil pilot

Mastercard launches its Biometric Checkout Program for ‘pay by smile’ facial recognition payment authentication with Brazil’s Payface at five São Paulo…

 

Selfie biometrics customer wins in three verticals and SDK update unveiled

Trust Stamp has signed a deal with Ietus (formerly RentMoola), a cloud payment platform for property managers and tenants, to…

 

Incode selected by hotel group to develop seamless processes with biometrics

Incode Technologies has been selected by global luxury hospitality company Jumeirah Group to innovate guest experiences and reduce time-consuming processes with…

 

Avarta brings biometric digital wallet to Indonesian crypto exchange collaboration

Avarta, a decentralized finance and identity firm that offers a cryptocurrency wallet secured with biometrics from FaceTec, will work with…

 

US digital ID fraud cost $52B in 2021, Javelin estimates

Forty-two million Americans were victims of digital identity fraud last year, according to new research, costing billions. Pandemic-related shifts to…

 

Entersekt partners with SA bank on ecommerce security with NuData behavioral biometrics

South Africa’s Capitec Bank has deployed Entersekt‘s mobile identity authentication feature, EMV 3-D Secure, which integrates NuData Security’s behavioral biometrics….

 

Payments startup gets $2.85M in pre-seed for multi-biometric ID platform

Wink, a Texas company, has raised $2.85 million in pre-seed funding for its payments and biometric identity platform that combines…

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