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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.

 

Worldcoin iris biometrics cryptocurrency project launched by Sam Altman

Tech millionaire Sam Altman’s Worldcoin start-up has emerged from stealth mode, offering free cryptocurrency to individuals who verify their accounts…

 

Biometric verification for currency buyers in Pakistan begins despite calls for delays

The National Database and Registration Authority of Pakistan (NADRA) has activated the system to enable the biometric verification of all…

 

Online digital ID verification stays hot, survey shows 10 minute onboarding window

It is an eventful week for digital ID solutions in the financial sector, with Onfido publishing a new report, Shufti…

 

New VisionLabs POS terminal provides both face biometric and card payments

A new payment terminal from VisionLabs will be the first on the market to provide point-of-sale payments either through traditional credit…

 

Liquid Avatar subsidiary wins metaverse exclusive

Linking one’s real life identity to a virtual world identity is proceeding at pace as Oasis Digital Studios, a wholly…

 

Zwipe signs LATAM biometric payment cards partner, North American demand high

Zwipe has signed a deal with Chile-based fintech IC Payment to bring biometric payment cards to the Latin American and Caribbean…

 

Equifax biometric cloud digital identity service joins online trust struggle

Equifax is joining the digital-identity-as-a-service market with a new biometric offering, and has unveiled a partnership with Bonifii to carry out…

 

Facebook releases pilot version of biometrics-backed digital wallet app Novi

Facebook has officially released the first pilot of the Novi digital wallet app with biometric onboarding in Guatemala and the…

 

Signzy expects rapid digital KYC growth in Middle East from Seed Group partnership

Signzy’s integrated biometric video KYC solution and other digital transformation tools can reduce digital transformation cycles for financial institutions from…

 

Face biometric payments launch at scale in Moscow Metro

Moscow’s metro system has seen the launch of a new biometric facial recognition payment system, Face Pay, at over 240…

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