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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.

 

Biometrics will help make higher purchase limits permanent amid cashless push: Mastercard exec

Biometric authentication will allow contactless digital payment limits to be kept higher than would otherwise be possible, a Mastercard executive said…

 

Biometric onboarding customer win announced by AU10TIX, platform expanded by IDology

Open banking financial services provider Prime Trust has selected AU10TIX identity verification technology to combat synthetic identity fraud with ID document…

 

More sophisticated ecommerce attacks follow improved bot detection, NuData report says

Basic bot attacks on e-commerce sites are being foiled in greater numbers by security tools like passive behavioral biometrics, which…

 

Zwipe partners on fingerprint sensor milling and embedding for biometric payment cards at mass volumes

Zwipe has partnered with card manufacturing equipment supplier Cardmatix to collaborate on equipment and modular solutions to support milling and embedding…

 

PeasyPay launches biometric payment system, NTT facial recognition payments trialed on self-driving buses

A biometric payment system using facial and palm recognition has been launched by startup PeasyPay in Hungary to provide GDPR-compliant in-store…

 

The deepfake battle is joined by Microsoft, banks and biometrics companies

Is it possible to always or at least reliably detect synthetic media? It seems unlikely today, much less as deepfake…

 

Banks grapple with digital ID and remote onboarding in Canada, Germany and Nigeria

Up to $100 billion in value could be created in Canada by 2030 through lowering the friction that accompanies government…

 

PayByFace, GlobalPlatform release APIs to improve customer experience, biometric authentication

Biometric fintech PayByFace has introduced a Developer Portal to give third-party developers early access to several application programming interfaces (APIs)…

 

iDenfy biometric authentication secures crypto exchange, Santander Chile onboards 100k with TOC Biometrics

iDenfy’s biometric facial authentication technology has been chosen by Maltese digital currency exchange platform Xcoins to secure onboarding and comply…

 

Six biometrics companies included on 2020 CB Insights Fintech 250 List

CB Insights has just announced its third annual list for the top 250 leading fintechs that disrupt the industry with…

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