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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.

 

Compulsory digital ID policy in Nigeria can spur insurance adoption, experts suggest

Technology and insurance policy experts in Nigerian have called for a policy making digital ID mandatory for insurance to be…

 

Nethone brings behavioral biometrics to Japan with Nissho collaboration

Nethone has announced a collaborative partnership with technology provider Nissho Electronics to provide online security in the booming Japanese ecommerce…

 

Socure’s biometric Intelligent KYC audited for accuracy, regulatory assurance

Socure has formed a partnership with professional services firm Baker Tilly, including the successful auditing of its selfie biometrics-powered Intelligent…

 

Samsung joins biometric payment card market with Mastercard development MoU

A new player has emerged in the biometric payment card market, as Samsung’s Electronics and Card businesses have signed a…

 

Moscow Metro to introduce facial recognition system for fare payment

Passengers using the Moscow Metro system in Russia will be able to pay their fares at all metro stations using…

 

Manufacturing partnerships for biometric payment cards expanded by Zwipe, unveiled by Idex

A partnership between Zwipe and Austrian card-maker Tag Systems on biometric payment cards has been expanded to proactively promote the…

 

Behavioral biometrics pitched for Indian payments by BioCatch, long-term fraud prevention by Plurilock

Two recent publications focus on behavioral biometrics as the answer to secure an expanding space for fraud amid the global…

 

Supply and demand sides of biometric payment cards market lining up

Biometric payment cards continue to advance towards commercialization, with a series of new announcements. Cardmaker Goldpac announced the introduction of…

 

New biometrics partnerships announced by Veriff in Latin America and OneVault in Pakistan

Veriff has partnered with fintech firm Kueski to expand the reach of its biometric verification-as-a-service to Latin America. Following the…

 

Banks embrace biometrics for new account opening, remote access

Russia’s Ministry of Digital industry has declared that a register of organizations able to access the country’s Unified Biometric System…

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