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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.

 

EU gambling firms are supporting a single, standard digital ID for Europe

A European Union gambling industry association is backing a proposed continental digital ID even though it has some concerns. In…

 

NanoB&K, LoginID partner for FIDO biometrics in Africa financial inclusion program

Subsidiary entities of NanoB&K have integrated LoginID’s FIDO-certified passwordless identity authentication platform with the goal of slashing costs for the…

 

Biometric payment card makers form partnerships to expand global reach

Idex Biometrics is pairing up with MK Smart to extend its line of biometric smart cards across Southeast Asia, while…

 

Solving fraud in banking with trusted digital identities while improving customer convenience

By Roland Fournier, Senior Director, Product & Solutions with HID Global Banks are seeing growing demand for a more convenient…

 

Aite Group assesses booming identity proofing and IDV market

The rise of remote digital onboarding to a de-facto requirement for financial and consumer-facing service providers has prompted Aite-Novarica Group…

 

US Treasury moots digital ID grants in FIDO webinar

The FIDO Alliance co-hosted the Identity, Authentication, and the Road Ahead Cybersecurity Policy Forum earlier this week, together with the…

 

Fourthline reports 170 percent YoY growth, predicts digital ID trends for 2022

Co-founder and CEO of KYC and compliance firm Fourthline, Krik Gunning, has published two separate articles on the company’s blog, discussing…

 

Bringing video biometrics to depositing checks gets patent protection

Some patents make you wonder how someone could have thought up an innovation. Some make you wonder: Nobody has patented…

 

Biometric banking requirement coming in Ghana, unmet by half of Nigerian accounts

From July 1, all banking and financial transactions in Ghana will be completed only upon presentation of the biometric ID…

 

Samsung one step closer to biometric payment cards arrival with integrated chip launch

Samsung has introduced a new all-in-one integrated circuit (IC) for fingerprint security as its next step into the biometric payment…

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