$35M stolen in voice clone as deepfake tech availability increases
A previously unreported incident in which $35 million was stolen in 2020 when fraudsters used voice cloning technology to trick…
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.
Shufti Pro biometric KYC checks now available for NetLync, Sopra Banking customers
eSIM technology provider NetLync has selected Shufti Pro to provide biometric identity verification for digital know your customer (KYC) checks as…
French consumer interest, regulations boost biometric payment cards’ prospects
French consumers are increasingly keen to add biometric payment cards to their wallets, according to a survey from Fingerprint Cards which…
Digital ID challenges reflected in UN group’s principles for responsible digital payments
A UN-affiliated group is calling on organizations involved in digital payments to adopt a set of principles to increase trust…
HID Global introduces biometric MFA platform for banks, targets LATAM region
Latin American banks can drive customer loyalty in a competitive market by using biometrics to provide the widest-reaching omnichannel experience…
Smart Engines launches faster credit card scanning with automated OCR
Smart Engines has launched a new credit card scanner for mobile and web applications, which uses the company’s optical character recognition…
Identité and KAL partner on passwordless authentication to combat ATM fraud
ATM software company KAL and digital solutions provider Identité have recently announced a new partnership to replace passwords with biometric…
Feedzai, BioCatch reports show fraud increase, biometrics adoption plans
A pair of behavioral biometrics providers are separately warning of an increasingly hazardous online fraud environment in financial services and…
Youth KYC would open up financial inclusion to enterprising young Tanzanians
Financial Sector Deepening Trust (FSDT) — a financial services organization in Tanzania — is calling on authorities to derive alternative…
As open banking accelerates, how can financial services providers ensure their apps are secure?
By Nathanael Coffing, CSO and Co-founder of Cloudentity. Open Banking has radically changed the banking experience, enabling financial institutions and…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection