Biometrics present banks with opportunity amid need for better identity verification integration
Half of UK banks that use identity verification for current accounts take customers out of channel to do so, but…
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.
Friction still plagues remote onboarding, financials turn to biometrics providers to help
Onboarding abandonment rates jumped by 23 percent from 2019 to the height of pandemic lockdowns this year, leading to nearly…
Use of biometrics for 3-D Secure payments explained in EMVCo and FIDO Alliance paper
Global payments technology body EMVCo has published a white paper to help guide merchants and issuers adopting FIDO authentication via…
Most older consumers want biometrics for bank account protection — report
A new cybercrime report sponsored by AARP find that those 55 years old and older are adopting more secure data…
Growth in biometric cards in banking and retail spurred by COVID-19
Contactless biometric applications are on the rise due to the pandemic effect, Idex Biometrics reports in a blog post. Writing…
Dual function cards developed for biometric access control, digital identity, payments
New multi-function card solutions have been launched for access control and payments with fingerprint biometrics by CrucialTrak, and for digital…
Most US banks need biometrics to stand up mobile onboarding, iProov report finds
Even with the surge in selfie biometrics and ID document checks for remote onboarding, nearly two-thirds of U.S. banks do…
FacePhi selfie biometrics software chosen by asset manager Hanwha
FacePhi has announced that it is expanding its presence in the Korean financial industry market with a partnership agreement for…
Biometric payment cards’ market-readiness explored in Fingerprint Cards white paper
Fingerprint Cards has published a white paper on the superior security biometrics provide fingerprint-enabled payment cards, compared to legacy user authentication…
South Africa urged to adopt biometrics amid growing ID fraud
There have been recommendations from various quarters for the South African government to adopt biometric technology in order to stem…
Biometric Market Analysis and Buyer's Guides
- Biometric Physical Access Control
- Digital Identity Verification
- Deepfake Detection
- Online Age Assurance
- Facial Liveness Detection