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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.

 

Shipping association presents new identity exchange for secure KYC

The shipping and logistics industry has a new way to verify business identities. The Digital Container Shipping Association (DCSA) has…

 

GLEIF announces hackathon winners

The Global Legal Entity Identifier Foundation (GLEIF) has announced the winners of its Global vLEI Hackathon, which attracted over 110…

 

M-Tech’s biometric payment card with FPC, Infineon tech certified by Visa for India

A biometric payment card from Pune-based M-Tech Innovations Ltd. with a fingerprint sensor supplied by Fingerprint Cards has been certified…

 

Credolab layers in Zoloz biometric identity verification

Companies are investing more in fighting fraud and securing identity: Over the past two years, over 70 percent of firms…

 

Egypt rolls out digital ID platform to scale up financial inclusion

Egypt’s Central Bank (CBE) has unveiled a website in preparation for the launch of a mobile application labelled Haweya to…

 

Trulioo, TransUnion add credit risk intelligence to fortify onboarding and fraud defenses

As financial institutions face mounting pressure to balance rapid onboarding with rigorous risk controls, Trulioo and TransUnion are rolling out…

 

Ant unveils Alipay+ GlassPay smart glasses with iris biometric authentication

Ant International has launched Alipay+ GlassPay, its smart glasses-embedded payment solution that introduces iris biometric authentication as a security layer…

 

Wallets for the win: digital payment model enters pantheon of everyday tech

After Commodores, IBMs and Macs; Segas and Nintendos; mp3s and streaming services; smartphones and tablets and apps; biometrics and everything…

 

a16z highlights importance of decentralized digital ID for crypto in US gov’t feedback

The American government should reform its regulations for financial institutions to allow them to use merging technologies, particularly those related…

 

Mastercard plots post-cards payments plan for Asia as biometrics grow in popularity

A Mastercard executive believes physical payment cards are heading the way of the dodo. Developments in biometrics and digital identity…

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