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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.

 

Socure partners with ServiceNow on selfie biometrics to power banks’ KYC

New York-based Socure has announced a new integration of its selfie biometrics and liveness detection within ServiceNow’s Financial Service Operations…

 

VeriFace, NamaChain each launch face biometric customer onboarding solutions

VeriFace has launched a comprehensive customer onboarding service using Innovatrics’ face biometrics and liveness checks. A customer takes a picture of their…

 

Berbix launches peer-to-peer biometric ID verification

Just as a pair of new customer wins have been unveiled in the biometric remote ID verification space, U.S.-based platform…

 

Carnegie report suggests biometrics and digital ID adoption can help South Africa’s cybersecurity

South Africa’s position as a key financial hub for Africa is being undermined by a lacklustre approach and commitment to…

 

Norway to replace BankID on mobile with biometric apps for improved security

Norway says it plans to replace the digital ID authentication platform BankID with new apps that will require either face…

 

Fingerprint Cards partners for biometric payment cards in India, 2021 results released

Fingerprint Cards collaborates with Transcorp and Mswipe to bring contactless biometric payment cards to India and published its financial results…

 

Bonifii partners with Entersekt, chooses Mastercard affiliate for open banking

Bonifii announced the addition of context-awareness powered by Entersekt to its biometric authentication method for credit unions in a new…

 

Idex secures biometric payment card deal with online bank, files 2021 annual report

Norway-based Idex Biometrics has agreed to provide German online bank Fidor with its biometric payment card technology. “Fidor has the…

 

Worldcoin adds layer of privacy to biometric cryptocurrency after disapproval

Worldcoin, a cryptocurrency company that assigns the eponymous digital currency with an iris biometrics scan and promised to play a…

 

Selfie biometrics onboarding takeover continues with new customers, success stories

A number of companies in the identity space have announced new biometric partnerships this week, with TendedBar joining forces with…

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