Financial institutions fined nearly $11B worldwide for KYC, regulatory non-compliance
Financial institutions worldwide were fined US$10.6 billion for regulatory non-compliance including anti-money laundering (AML) and Know Your Customer (KYC) in…
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.
Fingerprint Cards and Infineon move biometric authentication within cards’ secure element
Fingerprint Cards and Infineon have developed a method for carrying out biometric authentication entirely within the latter’s secure element, eliminating the need…
Trulioo signs up 5 global remittance firms for digital ID verification
Five remittance companies have partnered with Trulioo to incorporate the firm’s GlobalGateway service for biometric know your customer (KYC) and anti-money…
Acuant biometric KYC to secure decentralized finance for African students
Acuant has established a partnership that will see its biometric know your customer (KYC) and document authentication technologies used to…
Progress on biometric payment cards reported by Idex, Linxens, Zwipe
China’s Union Smart Card Co has selected fingerprint authentication technology from Norway’s Idex Biometrics for a “cold wallet” biometric payment card…
Trust frameworks and biometrics innovation to boost financial inclusion and digital ID adoption
Digital trust frameworks and financial inclusion efforts are prominent among the most widely-read digital ID stories of the week on…
Canadian report considers biometrics, ID banks to improve financial inclusion
Biometrics are one of the top solutions suggested in a new report to mitigate barriers to acquiring and using ID…
Revelock and CaixaBank co-develop behavioral biometrics-based fraud detection solution
Revelock worked with Spanish financial services multinational CaixaBank to develop a new fraud prevention solution using artificial intelligence to interpret behavioral…
iDenfy, Veriff, IDmission reveal selfie biometrics partnerships
A trio of identity verification and selfie biometrics providers have each announced new partnerships. iDenfy has begun a collaboration with…
Trust Stamp tokenized biometrics for Mastercard financial inclusion initiative
Mastercard has chosen Trust Stamp to provide biometric privacy technology for its African financial inclusion initiative with Paycode. The Mastercard…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection