Vietnam changes IDs allowed for bank transaction identity verification
Vietnamese citizens will soon be unable to use passports as valid identification for domestic banking transactions. Starting January 1, 2026,…
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.
Account takeovers via financial institution impersonation prompts FBI warning
The Internet Crime Complaint Center (IC3) run by the U.S. FBI has issued a public service announcement warning Americans about…
Veriff, Sumsub, Veridas warn of sophisticated fraud attacks
Digital identity fraud is witnessing dramatic changes, with AI driving fewer but far more damaging attacks, according to new research….
Seon, BioCatch, Entersekt update platforms with adaptable tools to fight fraud
As financial crime grows more sophisticated with the rise of AI-powered scams, deepfakes and synthetic identities, leading fraud prevention firms…
MyMahi school digital ID gives Kiwi students new way to register for bank accounts
For better or worse, society trusts banks. Alongside the airline industry, the banking and financial sector is the business in…
Business digital ID for UK should launch in 2027, be mandatory within two years: TBI
The Tony Blair Institute (TBI) has published a new paper, “Rebooting the UK’s Tech-Diffusion Ecosystem to Drive Growth,” which urges…
Mastercard signs MoU to enhance efficiency of Ukraine’s digital infrastructure
Mastercard has signed a five-year public-private cooperation agreement with the government of Ukraine, aiming to boost the country’s digital economy…
European Business Wallet positioned for fast uptake
This week, the European Commission unveiled the Digital Omnibus package designed to simplify the continent’s digital regulatory framework. One part…
Experts: Tackling AI-powered financial crime needs behavioral biometrics, ML models, data science
As artificial intelligence accelerates financial crime, the industry is racing to adapt. In an in-depth webinar, Glenn Fratangelo, head of…
Mandatory identity verification for UK companies goes live
The UK is cracking down on businesses that appoint directors using fake or stolen identities and cleaning up its reputation…
Biometric Market Analysis and Buyer's Guides
- Understanding MOSIP
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection