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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.

 

More than 9 in 10 will consider biometrics and new payment technologies: Mastercard report

Support for digital payments with biometrics and other newer technologies has reached a high-water mark, with 93 percent of consumers…

 

Private sector advances digital identity for fraud prevention while governments struggle

SmartSearch has launched a new solution for digital identity verification in the U.S., while Nok Nok Labs and ForgeRock are…

 

Biometric payment cards webinar addresses consumer adoption and issuer prospects

Thales hosted a seminar on Thursday with an update on the attitudes of consumers towards biometric cards and their progress…

 

Access Softek biometrics selected by credit union to secure remote access

Commonwealth One Federal Credit Union has entered a new partnership with digital banking technology provider Access Softek to secure customer…

 

Aculab and Nice strike deals to integrate voice biometrics for IVR environments

Dotlines Group is integrating Aculab’s VoiSentry voice biometrics with its Pulse CXM platform to deliver fast customer authentication through a…

 

Zwipe unveils public biometric payment card demo video and reports Q1 results

Zwipe booked sales revenues of NOK 300,000 (roughly US$36,480) in the first quarter of 2021 as the company builds out…

 

iComply digital identity platform chosen for Thomson Reuters Marketplace launch

Regulatory technology firm iComply has been chosen as a digital identity compliance launch partner for Thomson Reuters’ new Marketplace. The…

 

Juniper urges behavioral biometrics as ecommerce fraud costs to leap 18 percent to $20B

Ecommerce retailers’ annual losses will reach $20 billion this year, Juniper Research says, an 18 percent jump from $17.5 billion…

 

Remote biometric onboarding, KYC growth appears sustainable as customers, FIs see benefit

Online account opening for financial services has taken off during the pandemic, and BioID, Smart Engines and Sumsub have all…

 

Accura Scan brings biometric onboarding solutions to Middle East

Accura Scan recently announced a series of new partnerships and expansion initiatives involving its biometric onboarding solutions. The company announced…

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