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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.

 

Pakistani non-profit and NADRA partner on customer biometrics for financial services access

The Sustainable Access of Financial Capital Opportunities (SAFCO), a not-for-profit financial services company in Pakistan, has partnered up with the…

 

COVID affected voice fraudsters, but it didn’t set them back

Overwhelmed interactive voice response systems last year forced fraudsters to be more efficient when trying to plunder companies, particularly financial…

 

PayByFace, VisionLabs face biometrics deployments for retail payments showcase regional demand

Bulgaria’s Raiffeisenbank has begun testing touchless payments with face biometrics from PayByFace through the Visa Innovation Program. The bank intends…

 

Banks need universal mobile biometrics and more sophisticated measurement, reports indicate

More than half of financial service providers and 72 percent of online marketplaces have adopted more identity verification technology, such…

 

Netcetera selects Nok Nok Labs for delegated authentication with biometrics or physical tokens

Nok Nok Labs has partnered with digital payments company Netcetera to give merchants and payment providers delegated authentication capabilities for…

 

Acuant partners on biometric security and regulatory compliance for digital asset exchanges

Acuant is partnering with Scalable Solutions to support the secure exchange of digital assets with an integrated biometric anti money-laundering…

 

ThreatMark’s behavioral biometrics profiled by Forrester for enterprise fraud management

Forrester’s latest report identifies ThreatMark among enterprise fraud management providers for its application of behavioral biometrics throughout customers’ digital journeys….

 

Challenger bank integrates BioCatch behavioral biometrics to secure fast onboarding

Australian challenger bank 86 400 will provide its clients with secure digital onboarding and better address digital fraud through a…

 

Japan’s Shizuoka prefecture trials secure face biometric payments from VeriTrans and NEC

Secure, convenient, cashless and contactless biometric payment solution VeriTrans4G is being deployed on a Proof of Concept (PoC) basis between…

 

Face biometrics providers sign up new financial services onboarding customers and partners

FacePhi has announced it will provide its face biometrics to a global banking software integrator, while Onfido, iDenfy and Accura…

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