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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.

 

Maldives to launch smart ID in 2026

The Maldives are preparing to launch smart ID cards with an integrated digital identity next year, allowing citizens to identify…

 

ID-Pal partners with MBS for compliance automation, IDV

ID‑Pal has entered a strategic partnership with digital transformation provider MBS. The tie-up will enable automated AML, KYC and KYB…

 

Sri Lanka to further digital economy strategy despite cyclone

Sri Lanka is relentless in pursuing its digital economy strategy while being resilient in rebuilding the lives and livelihoods of…

 

Digitization of South Africa’s social protection system undermines constitutional rights: Research

A working paper by the Institute of Development Studies (IDS) has noted that the complete shift to digital for South…

 

FAAA launches AML tool from FrankieOne for Australian financial advisors

The Financial Advice Association Australia (FAAA) has launched a client identity verification tool that will help financial advisors meet anti-money…

 

Amazon Pay adds biometrics to UPI payment options in India

Amazon Pay has rolled out biometric authentication for Unified Payments Interface (UPI) transactions in India. Users can now approve payments…

 

NIST announces new mDL use case, resources to support financial sector adoption

A webinar on mobile driver’s licenses (mDLs), presented by the National Cybersecurity Center of Excellence (NCCoE) at the National Institute…

 

iProov shows how face-swapping app can fool liveness detection on financial apps

​iProov has demonstrated that a readily available generative AI face-swapping tool could be used to evade biometric liveness detection software…

 

ID.me scores big roll outs with FINRA and CMS

Stricter identity checks are coming to two of the most sensitive corners of the U.S. digital ecosystem: financial regulation and…

 

Mattr to integrate credentialing infrastructure into Interac Verified

New Zealand digital ID and credentialing provider Mattr has formed a strategic partnership with Interac, the Canadian interbank network that…

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