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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.

 

Sumsub unveils biometrics-backed KYB checks for fast verification

Sumsub is launching a know your business (KYB) product that the identity verification and selfie biometrics firm says will substantially speed…

 

Jumio delves deep into AML compliance in new white papers

Anti-money laundering regulations are set for further change this year, having changed significantly in different jurisdictions over the past several…

 

UK ecommerce MFA rules take effect as biometrics providers win fintech clients

The rules around online transactions continue to tighten, with the UK requiring stronger authentication through factors including face and fingerprint…

 

Block’s hardware wallet to use fingerprint biometric authentication

Payment firm Block (formerly known as Square) has confirmed that fingerprint biometrics will be the main method of authentication for…

 

ASM Global and PopID partner on biometric payments and ticketing for stadiums

PopID and venue management company ASM Global are kicking off a biometric ticketing and payment system that employs facial verification…

 

Thailand’s NDID partners with Mastercard to connect digital IDs internationally

National Digital ID (NDID), both Thailand’s national digital identity platform for financial institutions and a private company, announces that following…

 

GlobalPass launches biometric KYC service, IDnow rolls out IDV platform

A new solution combining blockchain and biometrics for know your customer checks has been launched by GlobalPass, while IDnow has…

 

FinGo and VMC partner for vein biometrics-enabled payment, age verification

FinGo account holders will soon be able to make payments or prove their ages using vein biometrics with retail vending…

 

Biometrics is most popular for onboarding in only one country — survey

Buried in a new marketing-driven survey about the importance of consumers’ retail digital experience, is a surprising insight into the…

 

Integrated Biometrics claims success in Uruguayan payments service deployment

The fingerprint scanners from Integrated Biometrics are having the intended effect of improving both security and convenience for payments over a…

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