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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.

 

Integrated Biometrics’ mobile solution deployed for Nigeria’s bank ID initiative

The implementation of Integrated Biometrics’ (IB’s) Kojak PL FBI Appendix F-Certified FAP 60 10-Print roll fingerprint scanner by the central…

 

Digital ID verification increasingly targeted by AI deepfakes, advisory warns

While digital ID verification is gaining global momentum, it is also attracting new threats in the form of advanced deepfake…

 

Banks’ incomplete biometrics implementations mean extra work for customers, iProov report argues

By making it difficult or even impossible for customers to complete some processes online, banks are missing out on revenue…

 

Anti-financial crime expert hired to boost digital ID and KYC capabilities at Fourthline

Fourthline has appointed Ro Paddock as its new head of Anti-Financial Crime to support the company’s mission to deliver a new…

 

ThreatMark CEO sees behavioral biometrics moving beyond banking

Behavior profiling and behavioral biometrics are well-positioned to move beyond the banking industry, a ThreatMark co-founder said on the Banking Information…

 

Arana develops biometric payment application integrated with Idemia MorphoWave

Security solutions developer Arana Security has created an innovative biometric payment application which works with Idemia’s touchless fingerprint scanning device,…

 

Biometric card by Idex and TMC wins UnionPay certification, Zwipe Pay ONE selected by Vopy

China UnionPay has certified a biometric payment card with fingerprint sensor technology from Idex Biometrics and a secure element from…

 

Contactless retail biometrics expanded and contact center voice authentication launched by Amazon

Customers will soon be able to check into all Seattle Amazon Go stores using only their palm scan. Amazon is…

 

Biometric mobile payments to reach $3T by 2025 on 650 percent growth, Juniper forecasts

App-based purchases and mobile commerce and contactless mobile device-based payments will drive more than $3 trillion in mobile payments that…

 

Contactless biometric payment startups PopID and PayEye continue expansion efforts

PopID has announced the further expansion of its face biometrics-based payment system in the U.S., the BBC reports. The company’s…

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