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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.

 

Nuance and Onfido highlight biometrics benefits for protecting cryptocurrency wallets

Cryptocurrencies and bitcoin, in particular, are never far from the spotlights these days. Recent months, in particular, have seen several…

 

Biometric transactions, payment cards to boost bank revenues by $5B by 2026: UBS analyst

Biometric payments could contribute $5 billion to global banking revenues by 2026, according to a recent estimate by a UBS…

 

Mobile biometrics onboarding gains, new cloud service and partnerships unveiled

TruNarrative has launched a new cloud service with behavioral biometrics to brings its mobile authentication and regulatory compliance tools to…

 

Nice launches biometric watch list solution, U.S. Treasury to support AML tool innovation

Nice Actimize has introduced a biometric watch list screening solution to enable superior data management and advanced screening capabilities for frictionless…

 

Idemia and Next Biometrics deals to power more authentications in India

Biometric authentication solutions using fingerprint, face, and iris biometrics are set to grow in India thanks to the nation’s booming…

 

CardLab biometric cards with FPC sensor reach market, Zwipe signs up four new partners

CardLab has introduced a fingerprint biometric card it says is well-suited to government and identity applications including payments, COVID-19 vaccination…

 

Nigeria plans to replace bank IDs with digital ID numbers

Federal government authorities in Nigeria say talks are ongoing with various stakeholders to see how biometrics-backed Bank Verification Numbers (BVNs)…

 

Fujitsu palm and face biometrics launched for retail customer authentication at Yokohama hotel

A partnership between Zippin and Fujitsu has resulted in the opening of a contactless hotel store using biometric technology within…

 

Biometric payment card prospects lifted by falling costs and rising contactless limits

Idex Biometrics is expanding what it calls a “landmark” partnership with a global payment solutions provider to carry out joint marketing…

 

Driver monitoring systems put automotive biometrics for payments in place

The starting point for in-car marketplaces has already been established, with driver safety systems placing cameras in cabins to apply…

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