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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.

 

ASEAN plans to roll out digital business ID to boost cross‑border trade

The Association of Southeast Asian Nations (ASEAN) is preparing to roll out a regionwide digital business identity system aimed at…

 

Ethiopia aims for Africa’s best digital payments network by 2035

Ethiopia has unveiled a strategic roadmap which aims to enable the country set up one of the leading digital payment…

 

Next Biometrics supports payment authentication in Vietnam

Next Biometrics has received a substantial production order for its fingerprint sensors from a system integrator in Vietnam. The sensors…

 

NEC takes a stake in PopID, Tencent and Wink biometrics integrated with POS terminals

Major technology firms and payment providers are racing to replace cards and phones with face, palm and voice biometrics. Payments…

 

Trulioo becomes part of Google protocol for agentic AI payments

Trulioo has joined Google’s Agent Payments Protocol (AP2), which aims to establish an open, standardized language for secure payment transactions…

 

OCR Studio unveils software for faster, secure on-device KYC verification

Dubai-headquartered OCR Studio says it has rolled out a new identity verification software package that makes it possible for banks,…

 

iProov liveness bolsters AML for Thirdfort as regulations buoy European market

Liveness detection from iProov has been deployed in Thirdfort’s client due diligence platform to help prevent identity fraud in legal…

 

PNG looks to expand financial inclusion with digital ID, bank collaboration

Papua New Guinea is taking steps toward digital transformation and financial inclusion with a new Memorandum of Understanding (MoU) signed…

 

Biometric payments gaining popularity across Russia, Japan

Facial recognition-based payments are becoming a popular method to pay public transit tickets, while biometric payment solutions are also rising…

 

Real-time intelligence sharing reveals millions in attempted bank fraud

Australian banks can breathe a sigh of relief as millions of dollars have been saved in would-be fraud. In a…

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