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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.

 

Trulioo and One World Identity explain biometric onboarding demand boom

The average consumer transacted with six new brands last year, according to a new report from Trulioo, putting pressure on…

 

Oracle finds a biometric onboarding partner in Everest

The financial services unit of business software pioneer Oracle Corp. is working with another fintech to sell blockchain services to…

 

Replace passwords with biometrics, Incognia suggests in new Mobile App Friction Report

Incognia has released the latest edition of its Mobile App Friction Report focusing on login authentication and password reset trends,…

 

Selfie biometrics for online pet sales and financial services among latest remote onboarding launches

The pace of remote onboarding implementations remains steady, with Onfido signing up an online marketplace for its selfie biometrics, while…

 

More selfie biometrics could ease government and financial service access in UK, Australia, US

A single sign-on for government service access is in development in the UK, Australia’s government has published a case study…

 

Biometric verification allows ‘dignified’ distribution of 6.4M meals to Rohingya refugees

The Bangladesh part of the ‘100 Million Meals’ campaign has been completed, allowing 36,000 refugees to purchase food from camp…

 

Philippines digital ID project on track for 2021 target as Step 1 registration tops 37M

Authorities in the Philippines are optimistic the target set this year for registration for the national digital ID card (PhilID)…

 

Trulioo brings biometric verification to four new payment providers

Biometric identity verification firm Trulioo recently announced new partnerships with four European payment providers: PayDo, Pollen Technologies, Sokin, and XanderPay….

 

New Zealand close behind Australia in establishing consumer data right legislation

New Zealand Commerce and Consumer Affairs Minister David Clark plans to create a consumer data right legislation for consumers to…

 

Biometric POS market to grow at over 35 percent CAGR; Telpo updates terminal

The global market for biometric point of sale (POS) terminals could increase by $1.17 billion between 2020 and 2025, according…

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