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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.

 

Amazon launches contactless palm biometrics for retail, access control markets

Amazon is launching its palmprint biometrics for contactless payments, access control and more, according to a company blog post, under…

 

Huawei partners to provide financial institutions biometric tool for secure remote loan onboarding

Huawei and Sunline have jointly released a new contactless tool with biometric authentication for financial services, called the Digital Loan…

 

Biometric system could turn vehicles into cash registers

Off-the-shelf dash cams can be augmented with biometric systems to turn vehicles into secure checkout registers for drivers and passengers…

 

Featurespace behavioral biometrics chosen by Akbank for fraud detection

Corporate banking firm Akbank will start using Featurespace’s fraud detection solutions, the behavioral biometrics provider has announced. Akbank will be…

 

New buguroo 3D Secure behavioral biometrics solution protects ecommerce and CNP transactions

A new 3D secure solution with behavioral biometrics has been launched by buguroo to enable credit and debit card issuers to…

 

Facial recognition payments uptake in China modest, launched in Moscow Metro

When Ant Financial announced it would spend hundreds of millions of dollars to promote the use of face biometrics for…

 

Regula Forensics secure document verification deployed for crypto exchange KYC and onboarding

The Liechtenstein Cryptoassets Exchange (LCX) has partnered with Regula Forensics to integrate secure document verification as part of biometric authentication…

 

Experian touts Biocatch behavioral biometrics, adds Onfido face authentication for onboarding

Experian is taking another step in its embrace of biometrics, implementing facial authentication from Onfido and touting the benefits of…

 

Jumio biometrics selected by ASAPP to secure remote financial services for Canadian credit unions

Jumio’s biometric authentication technology is being integrated into the forthcoming Asapp 11.0 release to give Canadian credit unions end-to-end identity…

 

Novetta wins biometric tech award; Signzy, Trust Stamp and Onfido fintech contributions recognized

Novetta’s technology for capturing biometric data from fingerprint cards has won the “Best Technical Advancement” award at this year’s FedID…

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